122 & 124-126 York Street, Launceston, Tas 7250
- Property No. 503725434
- Show Page Visits
- For Sale
- Contact Agent
- Under Contract
- Land Area
- 1700.00 m² (approx)
- Floor Area
- 900 m²
- Last Updated
- May 18, 2021
- Zoning
- Central Business (22.0)
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PRIME SITES FOR DEVELOPMENT
There is an abundance of development activity taking place right across Tasmania at the current time. Launceston has been a major focus with various high value projects being completed and in the pipeline across the education, tourism, office and retail sectors.
This is a rare opportunity to purchase two adjoining properties right in the heart of the Launceston CBD with a combined site area of approximately 1,700m2. This footprint has a prominent 34m frontage to York Street and backs onto the Tatler Arcade development which is currently in progress.
122 York Street has traded as a hotel under various names since its construction by Boags Brewery in the 1960s. The property benefits from its solid brick wall and concrete floor construction giving it a strong base for redevelopment over its three levels. Total building size is approximately 900m2 and is being sold with vacant possession.
124-126 York Street is currently operating as a high turnover public car park with a total of 45 spaces. The car park has recently undergone a full upgrade, including drainage, lighting, power, CCTV, resurfacing and the implementation of fully automated parking equipment.