40-42 Tamar Street,
Launceston, TAS 7250
Offices
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Map of 40-42 Tamar Street
Investment or development opportunity in fast-growing CBD fringe
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On the fringe of Launceston’s CBD, right in the centre of a fast-developing area is this attractive, multi-tenancy, twin-level, commercial investment property.
Circa 1920 and directly opposite the iconic Albert Hall, City Park and adjacent to the soon-to-be-completed Hotel Verge…40-42 Tamar Street is perfectly positioned to capture both passing traffic and capitalise on growth in the area.
The ground floor offers an attractive foyer and although now vacant has successfully been tenanted by two businesses for many years. Plenty of natural light fills the workspaces while featuring an atrium to the rear.
A large office space continues down one side with the other presented as two offices and file storage together with kitchen and male/female restrooms
Upstairs offers a flexible, open plan, light, work space complete with two offices, kitchen facilities and two bathrooms.
This is now your opportunity to take advantage of this growing area. Plenty of opportunities present. Potentially revert the building back to two separate titles or even strata the upstairs and downstairs.
- Land footprint 134m2 (approx.)
- Floor area 245m2 (approx.)
- First floor currently tenanted on a short-term basis
Either re-let as multiple tenancies or perhaps develop luxury accommodation…the possibilities are only limited by your imagination.
With enormous street appeal in one of Launceston’s busiest and renowned positions, this is now your chance to secure a fantastic, long-term investment.
EXPRESSIONS OF INTEREST CLOSE AT 5PM
FRIDAY, FEBRUARY 8TH, 2019
On the fringe of Launceston’s CBD, right in the centre of a fast-developing area is this attractive, multi-tenancy, twin-level, commercial investment property.
Circa 1920 and directly opposite the iconic Albert Hall, City Park and adjacent to the soon-to-be-completed Hotel Verge…40-42 Tamar Street is perfectly positioned to capture both passing traffic and capitalise on growth in the area.
The ground floor offers an attractive foyer and although now vacant has successfully been tenanted by two businesses for many years. Plenty of natural light fills the workspaces while featuring an atrium to the rear.
A large office space continues down one side with the other presented as two offices and file storage together with kitchen and male/female restrooms
Upstairs offers a flexible, open plan, light, work space complete with two offices, kitchen facilities and two bathrooms.
This is now your opportunity to take advantage of this growing area. Plenty of opportunities present. Potentially revert the building back to two separate titles or even strata the upstairs and downstairs.
- Land footprint 134m2 (approx.)
- Floor area 245m2 (approx.)
- First floor currently tenanted on a short-term basis
Either re-let as multiple tenancies or perhaps develop luxury accommodation…the possibilities are only limited by your imagination.
With enormous street appeal in one of Launceston’s busiest and renowned positions, this is now your chance to secure a fantastic, long-term investment.
EXPRESSIONS OF INTEREST CLOSE AT 5PM
FRIDAY, FEBRUARY 8TH, 2019
Launceston, 7250 demographic data
The median household income for Launceston is $1,439, 17% higher than Regional Tasmania's household income of $1,225. Launceston has a younger age profile compared to the rest of Regional Tasmania (median age 41 vs 45). Property ownership data shows 34% of property owners in Launceston have a mortgage.
3,110
Population
$1,439 per week
Median household income
41 years
Median age
Renters
Most residents
Families
Most households
03 6331 09...
40-42 Tamar Street
Launceston, TAS 7250
One Agency - LAUNCESTONlevel 2, 68-70 St John Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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