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Knight Frank - Launceston

Unit 3, 83 York Street Launceston, TAS 7250

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Unit 3, 83 York Street,
Launceston, TAS 7250

Shop & Retail

Price information

Sale

Offers over $265,000

Key property information

Land area

Floor area

Tenure type

Knight Frank - Launceston
Unit 3, 83 York Street
Launceston, TAS 7250
Knight Frank - Launceston
David Webster
Rodney Rawlings

Knight Frank - Launceston

54 Cameron Street
LAUNCESTON, TAS 7250

Map of Unit 3, 83 York Street

Directions

A "well groomed" investment starter.

Situated nearly next door to Launceston's iconic retailer Allgoods and fronting very busy York Street, this very presentable and affordable investment property is "ripe" as an addition to a well balanced investment portfolio.
Fully leased to a vibrant Hair Salon / Beauty parlour, on a three (3) year term (plus further option term), which commenced September 2019, the property illustrates as a likely, low-maintenance, "set and forget" investment, returning better than bank interest.

Current rental income of $18,200 per annum, increases annually based on CPI. The Lessee also pays all outgoings (Council rates; Taswater; Land Tax and Body-corp fees), thereby enhancing the financial returns to the Investor.
In the prevailing low interest rates environment, property investing is proving lucrative.

Invest at "offers over $265,000"

Property ID: 503470830Last Updated: 24 Feb 2020

Agency contacts

Knight Frank - Launceston
Knight Frank - Launceston
54 Cameron Street
LAUNCESTON, TAS 7250
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David Webster

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David Webster
Knight Frank - Launceston
Unit 3, 83 York Street Launceston, TAS 7250

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

Kind Regards,

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