State government-leased premises at Prospect attracting more than $500,000 in annual rent will be auctioned on May 15.
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The facility is leased to Department of Primary Industries, Parks, Water and Environment and the Department of State Growth until 2028.
It has 16,330 square metres of land and 3992 square metres of buildings, with a net annual rent of more than $504,000.
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Commercial agent Burgess Rawson is marketing the property, along with Knight Frank.
Burgess Rawson director Shaun Venables said government leases provided long-term certainty for investors.
"Government-leased properties always find an audience among investors, as their tenancy profile is as safe as it gets," Mr Venables said.
"And that's never been truer than in Launceston, which is riding a wave of interest in both its commercial and residential markets, while landlords are reaping the benefits of Tasmania's record low office vacancy rates."
The auction will be held in Melbourne at Crown Casino's River Room on Wednesday, May 15, at 11am.
Johanna Baker-Dowdell
Johanna has more than 22 years experience as a journalist for newspapers, magazines and online publications.
Johanna has more than 22 years experience as a journalist for newspapers, magazines and online publications.
