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18 Wragg Street, Somerset, Tas 7322 For Sale
18 Wragg Street, Somerset, Tas 7322 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Image 18 Wragg Street, Somerset, Tas 7322-Floorplan

18 Wragg Street, Somerset, Tas 7322

$640,000

House
Type
4
Bedrooms
2
Bathrooms
3
Parkings
524 m²
Area

Last updated on Saturday, July 25, 2026 ( See property details for 18 Wragg Street, Somerset, Tas 7322)

$640,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile property offering a charming character home and a modern commercial shopfront with long-term tenants, ideal for investors seeking reliable income and growth potential.

🏡 Property Highlights

  • Dual income streams from residential and commercial tenancies
  • Established long-term tenants with secure leases until 2026 and 2029
  • Prime corner location with excellent street exposure
  • Original character home with modern comforts
  • Fully fenced backyard for privacy and security
  • Versatile investment opportunity with future growth potential

✨ Key Features

  • Built in robes
  • Open-Plan Living
  • Secure Parking
  • Outdoor Area
  • Fully fenced
  • Water tank
  • Waterfront / Views
  • Air Conditioning
  • Garage
  • Home Office / Study
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18 Wragg Street
Somerset, TAS 7322
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Vertical aerial view — 18 Wragg Street
18 Wragg Street — Vertical Aerial  •  Somerset, TAS 7322  •  Nearmap © 2026

Somerset is a vibrant suburb offering excellent street exposure, strong community ties, and convenient access to local amenities. Its strategic location makes it ideal for both residential living and commercial enterprise, with future growth prospects. The area boasts a mix of character homes and modern developments, attracting diverse tenants and investors. Somerset’s well-established infrastructure and proximity to key transport routes enhance its appeal. It’s a sought-after location for those seeking a balanced lifestyle and investment stability.

What is the current rental income and lease duration for the residential and commercial tenants?
The residential home is leased at $385 per week until November 2026, and the commercial shopfront is leased until August 2029, providing secure, long-term income streams.
Are there any recent renovations or upgrades to the property?
The commercial shopfront features a modern fit-out, while the residential home retains its original character with updates to ensure comfort and functionality.
What are the zoning and planning regulations for this property?
The property is zoned for mixed residential and commercial use, suitable for investment and potential future development, subject to local council approval.
Is there any potential for future development or expansion on the property?
Given its corner position and zoning, there may be opportunities for future development or expansion, pending council approval and planning regulations.
What are the property’s condition and maintenance requirements?
The property is well-maintained, with the commercial space featuring a modern fit-out, and the residential home in good condition, requiring routine upkeep.
Are there any upcoming local council or planning developments that could affect the property's value or usage? Are there any easements, covenants, or zoning restrictions that could limit future modifications or development? What are the total ongoing costs, including council rates, strata fees (if applicable), and maintenance? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any planned infrastructure projects or construction nearby that could impact the property’s value or living conditions?

18 Wragg Street, Somerset, Tas 7322 - More Details

$640,000

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 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.*
Type
House
Bedrooms
4
Bathrooms
2
Parkings
3
Area
524 m²
House Size
157 m²

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