An opportunity to snatch up a piece of Launceston's education and training history is ripe for the picking.
TasTAFE's Launceston CBD campus' has been listed for sale with commercial real estate agents Shepherd and Heap.
The two properties, on Wellington Street and Paterson Street, will be sold to allow TasTAFE to consolidate at Alanvale.
Director Blake Shepherd said the listing was a unique opportunity for an investor in a healthy market.
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"The market is quite strong, quite buoyant, despite the pandemic," Mr Shepherd said.
"We are expecting strong interest...we've already been fielding phone calls from interested investors."
Mr Shepherd said the properties were unique, mostly due to their scale, with the Wellington Street property taking up more than 5000 square metres.
"There is really great potential there, but especially Wellington Street there is scope for a hotel or office conversion."
The Wellington Street property was initially the Launceston Technical College and was constructed in 1920.
The college was extended later in the 1970s.
The Paterson Street building was originally part of the Wellington Square school and occupies a prime corner.
TasTAFE chief executive Jenny Dodd said the listing of the buildings for sale was a significant milestone in its consolidation.
"It will complete the transition of most of TasTAFE's Northern offerings to the centralised modern campus at Alanvale," Ms Dodd said.
"The move to Alanvale is a proactive decision made by TasTAFE as part of its long-term master plan for improving their facilities and student experiences."
Alanvale is undergoing a $4 million redevelopment to upgrade its student facilities including nursing and ICT.
The sale of the Launceston CBD campus will allow TasTAFE to recoup the cost of the Alanvale redevelopments.
Funding for the Alanvale campus was granted by the Tasmanian Government last year.
Ms Dodd said most students training at the Launceston CBD campuses had relocated to Alanvale, except nursing, aged care and disability.
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Those students are in the process of transitioning, which will be completed by December.
Mr Shepherd said the firm was excited about the future sale, which was a once-in-a-lifetime sale opportunity.
"We are excited to commence the marketing of these iconic assets and believe interest will be strong, emanating from a broad spectrum of the marketplace," he said.
"There is no doubt that both properties are extremely well known and represent rare development opportunities in our tightly held city."