Expressions of interest, offers invited over $4 million

Closing date April 4, 2019

Agent: NAI Harcourts

Contact: Andy Howell, 0419 122 683

112-114 George Street is an outstanding, investment grade, commercial property located in Launceston city centre.  

There are very few opportunities currently on offer in the Tasmanian property market that compare in quality. 

The property was redeveloped entirely to a very high standard in 2016 and provides a strong rental income with lucrative tax depreciation benefits. 

This property would be a true ‘jewel in the crown’ addition to any property portfolio and an excellent opportunity to have a key property holding in the Launceston CBD. 

The office space is currently 100 per cent leased until 2025 to national tenants Harcourts and Shadforth Financial Group with an approximate net income of $278,000 per annum.

Originally constructed in 1900 and completely redeveloped in 2016 from a warehouse initially designed as a two storey motor garage for the Hall and Jackson Tasmanian Motor company back in 1909 into an office and retail space to suit contemporary business needs while retaining the character and principles of the original Federation streetscape. 

With project undertaken by Fairbrother as a principal contractor, no expense had been spared as is a standard with all projects undertaken by Josef Chromy Group. This truly is a set and forget investment with absolutely no hassle for the new landlord.

George Street is lauded as one of the best places to shop, eat, and soak in the atmosphere and architecture of quintessential Launceston, why not invest in your own slice of the tree-lined street. 

To read this week's Domain click here. 

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