33/23 Elouera Street, Riverside TAS

For Sale


$680,000.00 to $720,000


Offering commanding views across the Tamar River and easily accessed, this property comprises both a tenanted restaurant complete with dining area, bar, commercial kitchen and cool room along with a lower level residence and ample car parking for both. The restaurant is leased and operates as the Riverview Restaurant, much of the equipment required to operate is included within the lease. The residential tenancy is a large studio style, currently vacant it comprises a recently refurbished kitchen and bathroom. So large it could be reconfigured to include dedicated a bedroom and living area, subject to any approval required. Strata Titled the property is within the same complex as the Tamar River Villas, this along with the growth corridor of Riverside and Legana and great connections to central Launceston provide immediate customers for the restaurant. Here is an opportunity to secure a tenanted commercial property that also offers exposure to the residential market - either live in the residential tenancy or lease it and improve the return the property already offers. Rarely is such an opportunity offered to the market.