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157 Brisbane Street, Launceston, Tas 7250

157 Brisbane Street, Launceston, Tas 7250

Retail

  • Sold $910,000
  • Tue 13-Apr-21

  • Land Area
  • 180.00 m² (approx)
  • Floor Area
  • 175 m²
  • Building
  • Whole
  • Last Updated
  • Apr 13, 2021
  • Zoning
  • 'Central Business'

Interested in this property? Contact an Agent today

Shepherd & Heap Pty Ltd - LAUNCESTON

49 Cameron Street

Launceston Tas 7250

Ian Singline

Prime 'Two In One' CBD Investment Offering - 10+5/ 5 + 5 Year Leases up to 2034/2029

A superb investment offering, two securely leased retail shops in Brisbane Street, Launceston's premier retail strip and less than 100 metres from The Mall. Within a strong business locale and high footfall area the offering is in the best of company with Village Cinemas next door plus Target, KFC, Country Road, ZAP Fitness and Michael Hill Jewellers all surrounding the property.

Investment features include:
• New leases from 2019 - Aussie Convenience 10 + 5 years and Case by Case 5 + 5 years
• Bank guarantee/security bond in place on each tenancy
• Net lease structures with tenants paying statutory outgoings including Council rates and Land Tax
• Compounding 3% and 3.5% rent increases
• Modern shopfront style tenancies, self contained and excellent presentation
• 175 sq. metre building area
• $57,312pa current net income

One of the best commercial investment opportunities currently in the local marketplace, certainly one to consider.

For further details call Ian Singline

157 Brisbane Street, Launceston, Tas 7250

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