This expansive and high profile site is strategically positioned on Launceston's premier bulky goods strip; Boland street. Rarely does property come to the open market in Boland Street due to the exceptional performance of the area, home to major brands such as Kmart/Coles, Mitre 10, Autobarn, Symbion, Gyprock, Husqvarna, Shiploads plus many more.

Occupying a generous land holding of 4,439 sqm comprised in two titles, allowing the opportunity to purchase in two separate entities for strategic tax benefits.

- Three tenants providing current holding income of $137,250 pa
- Tenants responsible for 100% of all statutory outgoings
- Excellent main road site exposure
- Desirable 'Commercial' zoning overlay
- Lease tenure negotiable

The site is extremely well suited to owner-occupiers who can benefit from strong holding income whilst planning redevelopment or organising relocation, alternatively the site lends itself to investors/developers seeking a flexible tenancy configuration allowing part re-development of the site whilst receiving income from the other tenancy areas.

For further detail and scheduled inspection, contact the agent.