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79A-81 George Street, Launceston, Tas 7250

79A-81 George Street, Launceston, Tas 7250

Retail Offices

  • For Sale
  • $725,000
  • For Sale

  • Land Area
  • 160.00 m² (approx)
  • Floor Area
  • 150 m²
  • Building
  • Whole
  • Last Updated
  • Apr 07, 2021
  • Zoning
  • 'Central Business'

Interested in this property? Contact an Agent today

Shepherd & Heap Pty Ltd - LAUNCESTON

49 Cameron Street

Launceston Tas 7250

CBD Investment - ASX Listed Tenant and Food Operator

Extremely well located in Launceston's popular and trendy George Street, this property sits among thriving food and cafe outlets plus strong national brands such as ANZ, Westpac, Flight Centre.

Two tenancies allow investors to spread risk with a renewed 3 year lease to Nanglo Restaurant and term of 3 years plus 7 months with benefit of two 2 year options to long standing ASX listed tenant Money 3 who have occupied the tenancy since 2007.

• Flexible 'Central Business' zoning overlay
• Thriving mixed use street with consistent flow of foot traffic
• Covid safe state with strong political leadership
• Total annual rental of $42,062 + GST with the tenants paying usual outgoings

Both tenancies occupy a land area of 80m2 each, (two titles) with building areas of approximately 75m2 each, exciting potential exists for future upside, perhaps with a first floor apartment addition (s.t.c.a).

For further details please call Blake Shepherd

79A-81 George Street, Launceston, Tas 7250

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