1 Civic Square,
Launceston, TAS 7250
Offices
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
CBRE - Melbourne
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
1 Civic Square
Launceston, TAS 7250
Map of 1 Civic Square
100% LEASED GOVERNMENT OFFICE BUILDING WITH LONG WALE
- Leased to State & Federal Governments
- New 15-Year Lease to Federal Govt
- Australia’s #1 Performing Economy
CBRE & Edwards Windsor are pleased to offer for sale by Expressions of Interest, one of Launceston’s most iconic office buildings, ‘Henty House’ at 1 Civic Square, Launceston.
Located in the heart of Launceston’s CBD and Civic precinct, 'Henty House' offers high quality office accommodation fully leased to the Crown of Tasmania and Federal Government.
Key property details include:
+ Commanding five level office building with NLA of 4,768sqm*
+ Annual net income of $1,523,056 per annum* plus GST and outgoings
+ 100% leased to State and Federal Governments with WALE of 6.72 Years
+ Brand new 15-year lease to Federal Government over Level 1
+ Efficient floor plates with central core and light to all four sides
+ Recently completed Landlord CAPEX programme of $2.4million
+ Located in Launceston’s core office and activity precinct
+ Substantial State and Federal Government investment of $564million to make Launceston one of Australia’s most livable and innovative regional cities
+ Strong ESG credentials with Solar Power and 6 Star Water rating
+ 4 Star NABERS energy rating
Recognised as the best performing economy for the 9th consecutive quarter, Tasmania continues to experience excellent growth, with Australia’s strongest job market and unemployment at 3.9%, and the highest residential growth of 28.7% year on year.
For further information or to arrange an inspection please contact the selling agents.
CBRE
Tom Ryan
+61 419 786 244
Scott Orchard
+61 425 760 7...
Edwards Windsor
Tim Johnstone
+61 418 395 1...
Scott Alexander
+61 423 750 715
*approx.
Located in the heart of Launceston’s CBD and Civic precinct, 'Henty House' offers high quality office accommodation fully leased to the Crown of Tasmania and Federal Government.
Key property details include:
+ Commanding five level office building with NLA of 4,768sqm*
+ Annual net income of $1,523,056 per annum* plus GST and outgoings
+ 100% leased to State and Federal Governments with WALE of 6.72 Years
+ Brand new 15-year lease to Federal Government over Level 1
+ Efficient floor plates with central core and light to all four sides
+ Recently completed Landlord CAPEX programme of $2.4million
+ Located in Launceston’s core office and activity precinct
+ Substantial State and Federal Government investment of $564million to make Launceston one of Australia’s most livable and innovative regional cities
+ Strong ESG credentials with Solar Power and 6 Star Water rating
+ 4 Star NABERS energy rating
Recognised as the best performing economy for the 9th consecutive quarter, Tasmania continues to experience excellent growth, with Australia’s strongest job market and unemployment at 3.9%, and the highest residential growth of 28.7% year on year.
For further information or to arrange an inspection please contact the selling agents.
CBRE
Tom Ryan
+61 419 786 244
Scott Orchard
+61 425 760 7...
Edwards Windsor
Tim Johnstone
+61 418 395 1...
Scott Alexander
+61 423 750 715
*approx.
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
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Edwards Windsor - HobartLevel 2, 89 Brisbane Street
HOBART, TAS 7000
HOBART, TAS 7000