18 Wragg Street, Somerset TAS 7322

$640,000

4 beds

2 baths

3 parking

Dual Income Opportunity in Somerset

Welcome to 18 Wragg Street, Somerset - a rare investment opportunity offering two established income streams from a residential home and a commercial shopfront, both secured by long-term tenancies. Whether you're looking to expand your investment portfolio or secure a property with reliable returns and future growth potential, this versatile offering is sure to impress.

Residential Highlights:
• Original character home featuring four bedrooms, two bathrooms and a fully fenced backyard
• Multiple reverse cycle heating and cooling units throughout
• Single vehicle carport
• Residential home currently tenanted at $385 per week until November 2026

Commercial Highlights:
• Prime corner commercial shopfront with excellent street exposure and a modern fit-out
• Commercial premises currently leased at $10,315.08 /annum (Excl GST) until August 2029

Please allow a minimum of 48 hours' notice for all inspections.

For more information, to request a copy of the Information Memorandum, or to arrange your inspection, please contact Selena Elphinstone or Sarah Elphinstone at Harcourts Burnie.

*Harcourts Burnie has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.*

Property Details

• Type: House
• Bedrooms: 4
• Bathrooms: 2
• Ensuites: 1
• Toilets: 4
• Carport Spaces: 1
• Other Parking: 2
• Building Area: 157 m² (approx)
• Land Area: 524 m² (approx)

Features

• Air Conditioning
• Built-In Robes
• Workshop
• Shed
• Fully Fenced