For Sale

12 Anne Street, George Town, Tas 7253-Image

12 Anne Street, George Town, Tas 7253

Offers Around $990,000

Unit

Type

Bedrooms

Bathrooms

Parkings

680 m²

Area

Published on Tuesday, August 18, 2026 ( See property details for 12 Anne Street, George Town, Tas 7253)

Offers Around $990,000

Andrew Macdonald - Real Estate Agent - The Agency - Team Bushby

Andrew Macdonald Property Partner

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AI Property Insight

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

A rare mixed-use investment opportunity in George Town featuring a leased residential flat and two versatile commercial shopfronts on a single title.

🏡 Property Highlights

Versatile mixed-use property with residential and commercial components
Immediate rental income from a one-bedroom flat until June 2027
Two spacious commercial shopfronts offering flexible leasing options
Prime location in the heart of the George Town commercial precinct
Potential for circa 8% gross return
Opportunity for owner-occupation or leasing of commercial spaces

✨ Key Features

One title
One-bedroom residential flat
Two vacant commercial shopfronts
Shop/Showrooms approx. 55m² and 80m² plus amenities
Off street parking at rear
Potential for multiple income streams
Excellent mixed-use investment potential
Residential rental income of $440 per week
Shop 1 appraised at $600 - $640/week
Shop 2 appraised at $400 - $440/week

Suburb and Property Insights of George Town, TAS 7253

George Town is a vibrant commercial hub in Tasmania, offering excellent accessibility and a diverse business environment. Key points include: central location in the commercial precinct, strong rental demand, diverse business opportunities, established infrastructure, and proximity to local amenities, making it an ideal setting for investment and growth.

Frequently Asked Questions

What is the current rental income from the residential flat?

The residential flat currently generates a rental income of $440 per week, with the lease in place until June 2027.

Can the commercial shopfronts be leased separately?

Yes, the two commercial shopfronts are vacant and can be leased separately or together, offering flexibility for different tenants or owner-occupation.

What are the potential uses for the commercial spaces?

The commercial spaces are suitable for a variety of uses including medical rooms, hair and beauty salons, retail shops, or professional offices, subject to council approval.

Is there off-street parking available?

Yes, the property includes off-street parking at the rear, providing convenient access for tenants and customers.

What is the potential gross return on investment?

The property offers an estimated gross return of approximately 8%, based on current rental assessments and market conditions.

What to ask about this property to agent?

Are there any zoning restrictions or planning overlays that could affect future development or use of the commercial spaces? Are there any easements, covenants, or encumbrances on the title that could impact property use or value? What are the recent or upcoming developments in the area that might influence property value or noise levels? Are there any known issues with the property's structure, services, or compliance that should be inspected? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any strata or body corporate arrangements applicable to the property? What are the council rates, land taxes, and other ongoing costs associated with the property? Are there any restrictions on the types of businesses that can operate in the commercial spaces? Is there potential for future subdivision or redevelopment, and what approvals would be required? Are there any planned infrastructure projects or changes in zoning that could impact the property?

12 Anne Street, George Town, Tas 7253 - More Details

Offers Around $990,000

Potential for circa 8% gross return.

An outstanding opportunity to secure a versatile mixed-use property comprising a residential flat and two commercial shopfronts, all held on one title.

The residential component features a one-bedroom, one-bathroom flat, currently rented until June 2027, providing an immediate reliable income stream.

The property also includes two separate shopfronts, measuring approximately 50m² and 90m², providing a combined commercial area of approximately 138m². The commercial spaces offer excellent flexibility for a mix of leasing and/or owner-occupation.

With three distinct components on a single title, this property presents an attractive opportunity for investors seeking a diversified income stream and future flexibility.

Suitable for (STCA):

• Medical rooms
• Hair and beauty
• Bike or sporting shop
• Professional rooms

Property features:

• One title
• In the heart of the commercial precinct
• One-bedroom residential flat
• Residential rental income of $440 per week
• Two vacant commercial shopfronts
• Shop/Showrooms approx. 55m² and 80m² plus amenities
• Shop 1 appraised at $600 - $640/week
• Shop 2 appraised at $400 - $440/week
• Off street parking at rear
• Potential for multiple income streams
• Excellent mixed-use investment potential

A rare opportunity to acquire a substantial mixed-use holding combining established residential income with two well-sized commercial premises.

Type: Unit
Bedrooms: 1
Bathrooms: 3
Parkings: 4
Area: 680 m²
House Size: 225 m²

Email Enquiry To The Agency - Team Bushby

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