Share this property

401, 403-405 West Tamar Highway Riverside, TAS 7250

Directions

401, 403-405 West Tamar Highway
Riverside, TAS 7250

Shop & Retail

Price information

Sale

Offers over $1,400,000

Key property information

Land area

Floor area

Tenure type

Map of 401, 403-405 West Tamar Highway

Directions

Suburban Retailing and offices complex. Maximum profile location

Locally known as "Joe's Takeaway Corner" this highly recognizable, highway frontage property complex, at Riverside holds what is arguably one of the foremost corner positions in greater Launceston.
The complex covers a gross land area of 2,663 sqm*, over three titles and sits at the corner of West Tamar Highway and Ecclestone Road, directly opposite Riverside Hotel and BWS.

Leased to multiple tenants, the complex delivers an approximate net rental of $109,500.

Major retail tenants include, "Joe's Takeaway and Supermarket" which has operated from the complex since 1992, and "Rhubarb For Gifts", which has expanded to two stores in Launceston. Similarly, the complex has a Hair Salon, a Beauty Parlour and a beauty products retailer.

Major office tenant is "Care Assess", a Tasmania based health and care agency. "Care Assess" occupies part of the ground level and part of the first floor.

The complex also provides a residential apartment; plus, valuable and extensive "on-site" car-parking.

The property has been tightly held by one family and this is the first time it has been offered for sale in 25 years.

An opportunity to acquire an income creating investment facing one of the three busiest arterial highways in Northern Tasmania.


*Approx

Property ID: 503199882Last Updated: 27 Nov 2019

401, 403-405 West Tamar Highway
Riverside, TAS 7250

Agency contacts

Knight Frank - Launceston
Knight Frank - Launceston
54 Cameron Street
LAUNCESTON, TAS 7250
View agency profile
progress tick

Sending email...

Email enquiry

Send to:

Rodney Rawlings
Knight Frank - Launceston
401, 403-405 West Tamar Highway Riverside, TAS 7250

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call