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Commercial property:
1770 square metres
- 81 Cimitiere Street, Launceston
- $1,750,000 + GST
- Agency: Elders Real Estate
- Contact: Kathleen Gee, 0466 679 668
One of Launceston's landmark properties; if you've been looking for the chance to secure a piece of the city's history, don't miss this opportunity.
Currently divided into four tenancies with two leased and showing a return of over five per cent gross, at full occupancy this should return 9.5 per cent gross.
Originally built in 1890 as the Baptist Tabernacle, the main building includes plenty of period features that have been modernised to include a reception area, seven offices, two bathrooms and a large staffroom/kitchen downstairs.
Upstairs there's a further five offices, two bathrooms, two kitchenettes and a large board room.
With ducted climate control and good security systems, the property is ready to go and could be let as one large tenancy or two separate ones.
At the back of the main building you'll find the third tenancy, which is currently leased out, and to the rear is a separate brick building leased with a secure long-term tenancy.
Zoned as 'urban mixed use', this property will appeal to owner-occupiers, investors and developers alike.