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Commercial property
- 79A-81 George Street, Launceston
- 150m2
- $750,000 or will sell separately
- Agency: Shepherd & Heap Commercial
- Agent: Blake Shepherd, 0417 820 820
- Inspect: By appointment
Extremely well located in Launceston's popular and trendy George Street, this property sits among thriving food and cafe outlets plus strong national brands such as ANZ, Westpac and Flight Centre.
Two tenancies allow investors to spread risk with a renewed three-year lease to Nanglo Restaurant and term of three years plus seven months with benefit of two, two-year options to long-standing ASX listed tenant Money 3, who have occupied the tenancy since 2007.
Both tenancies occupy a land area of 80m2 each (two titles) with building areas of approximately 75m2 each, the exciting potential exists for future upside, perhaps with a first-floor apartment development (STCA).
- Flexible 'Central Business' zoning overlay
- Thriving mixed-use street with a consistent flow of foot traffic
- COVID-safe state with strong political leadership
- Total annual rental of $42,062 + GST with the tenants paying usual outgoings
- Available to purchase together or separately
