1/12 Vermont Road, Mowbray TAS 7248

3-bed villa opposite Mowbray Centre | secure tenant to 2027 | fully refurbished | 7 minutes to Launceston This property is a rare low-management proposition for an investor. Its strongest feature is the secured tenant lease until February 2027, providing immediate and predictable income without active oversight. The full refurbishment, including new roof, kitchen, and bathroom, eliminates near-term capital outlay. Being directly opposite Mowbray Shopping Centre and within the University of Tasmania catchment gives it consistent rental demand. The 118m² internal space on 234m² lot is compact but efficient, and the two off-street car spaces are a practical advantage for tenants. The primary risk is the multiple government overlays—bushfire, flood, and heritage—which may restrict future development or require additional compliance costs. The 1945 build, while refurbished, may still have aging foundations or wiring not evident in a superficial inspection. The location opposite a shopping centre brings convenience but also potential noise and traffic. The opportunity lies in the fixed lease providing stable cash flow during a period of interest rate uncertainty, and the property’s position near education hubs supports long-term rental resilience.