Mr Romeo said Morton House is considered by many as one of Launceston’s most admired and important Georgian buildings adding that the iconic historic building represents a solid commercial investment opportunity or unique inner-city residence.

“The property delivers a versatile opportunity to purchase a grand home in the growing market for historic inner-city houses or as a commercial investment for the astute and creative entrepreneur – perfect as an art gallery, boutique retail outlet, corporate headquarters, medical centre or tourism / hospitality venture, “ he said.

Situated on a large 746 square metre allotment opposite Prince’s Park, this three-storey Georgian building is believed to have been built in 1831 by Alexander Waddle, a freed convict, hotel keeper and property owner on land originally granted to him.

The building was first used as St John’s Hospital, where the first recorded surgical anaesthesia was conducted in 1847. Over the years this Georgian building has been used as a boarding house, school, consulting and office rooms, restaurant and private residence.

Morton House has an abundance of original internal and external features including grand entry, regency and marble mantles and fireplaces, wide timber mouldings, high ceilings, dormer windows, attic rooms, decorative ceilings, arched hallways, timber staircases, large windows and a low maintenance garden complete with a Weeping Elm recorded on the Tasmanian Heritage Register and National Trust of Australia Register of Significant Trees.

In addition to the 354 square metre fully restored house, there are two large, modern 65 square metre office spaces with parking for 10 cars at the rear of the property, perfect for an additional income stream. All town services are provided.

Launceston is a culturally, historically and artistically rich and diverse city and is fast becoming a regional city of choice and experiencing strong economic and commercial growth, providing solid investment opportunities. Launceston was recently voted as Australia’s best place to visit and Tasmania is ranked as one of the top five safest places in the world.

Mr Romeo said that Morton House is perfectly positioned in Launceston’s vibrant CBD. Within walking distance are the Charles Street cafe and restaurant precinct, parks, river walks and famous Gorge, supermarkets, shopping, museums and art galleries, the University of Tasmania and Launceston General Hospital.

“Launceston Airport is only 15 minutes away, Hobart and easy two hour drive and Melbourne a quick 47 minute flight,” he said.

Mr Romeo commented that Launceston has one of Australia's best preserved historic cityscapes.

“Historically and architecturally important, Morton House is well positioned in the sought after Prince's Park precinct, which is undergoing strong commercial development and Launceston's culinary hotspot - with many of the city's leading restaurants and cafes.

“Launceston is one of only two cities in Australia to have been named as a UNESCO City of Gastronomy for its food culture. 

“Over the past few years Tasmania has seen a huge growth in residential and commercial property investments. The state offers affordable opportunities compared to mainland cities with excellent returns and capital growth. Tasmania is environmentally clean and pristine, has a wonderful food and wine culture, strong art community and is a world leader in the whiskey and gin industry,” he said.

According to Mr Romeo, Tasmania has become highly coveted adding that a strong percentage of his clients are mainlanders looking for a lifestyle change and a new direction in life.

To request a copy of the Information Memorandum please contact the marketing agent Circa Heritage and Lifestyle’s Dominic Romeo via the contact details below.