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Shepherd & Heap Pty Ltd - LAUNCESTON

52 & 54 Tamar Street Launceston, TAS 7250

52 & 54 Tamar Street,
Launceston, TAS 7250

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Offers Over $1.375m

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Shepherd & Heap Pty Ltd - LAUNCESTON
Blake Shepherd

Shepherd & Heap Pty Ltd - LAUNCESTON

49 Cameron Street
LAUNCESTON, TAS 7250
0417 820 8...
Shepherd & Heap Pty Ltd - LAUNCESTON
52 & 54 Tamar Street
Launceston, TAS 7250

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Two Distinguished Heritage Terraces Leased To ASX Tenant

An amazing opportunity to secure these two investment properties in Launceston's pre-eminent growth precinct. Fully refurbished to a high standard and under lease to long standing tenant TasFoods ASX: TFL with current 3 year lease term running to 31 December 2023.

Both terraces feature generous floorplates with quality fixtures and fittings, full network wiring and a north eastern aspect ensuring a desirable light filled environment.

- Planned $11.5m upgrade to Albert Hall creating a state of the art Convention and Exhibition Space
- Directly next door to Launceston's newest hotel - 86 bed 'Verge Hotel'
- 200m from $250m UTAS development (under construction)
- Coveted 'Urban Mixed Use' zoning overlay
- Total gross building area 445m2
- 2 freehold titles comprising 486m2 land area
- Current income $65,070pa + 100% of Rates, Land Tax and Water Charges + GST

A perfect offering for astute buyers looking at long term growth, residential/mixed use conversion plus clear development upside over rear 100m2 carpark area for additional multi-level building envelope.

For further details please contact Blake Shepherd.

Property ID: 504070095Last Updated: 21 May 2022

Shepherd & Heap Pty Ltd - LAUNCESTON
49 Cameron Street
LAUNCESTON, TAS 7250
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