124 Brisbane Street,
Launceston, TAS 7250
Shops & Retail • Offices
Key property information
Land area
Floor area
Property extent
Tenure type
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Map of 124 Brisbane Street
Brisbane Street Mall investment opportunity
Knight Frank are privileged to offer to the market this Freehold opportunity in Launceston’s Brisbane Street Mall. The property is situated on the northern side of the Mall close to Myer, with the rear of the property fronting Dechaineux Way and a privately owned pay & display car park.
Historically Brisbane Street properties are very tightly held, and this has been held as part of the Birchalls landmark properties for a long period of time.
The property comprises a parcel of land of 412sqm in Volume 126644 Folio 1.
The majority of the ground floor is leased to Specialty Fashion Group (Katies) until April 2017. Birchalls occupy part of the ground floor at the rear and the first floor offices, and they will pay a market rent until April 2017.
With National retailers still looking at entering the Launceston retail market, this is an ideal opportunity to consider a secure investment.
The Launceston City Heart project is contributing towards the re-vitalization of the CBD, and this presents an opportunity to buy in the best location in Launceston.
NB- The intent is to offer for sale the adjoining property 118-122 Brisbane Street once the Birchalls business has been sold.
For Sale by Expressions of Interest closing 2 September 2016 at 4pm.
Historically Brisbane Street properties are very tightly held, and this has been held as part of the Birchalls landmark properties for a long period of time.
The property comprises a parcel of land of 412sqm in Volume 126644 Folio 1.
The majority of the ground floor is leased to Specialty Fashion Group (Katies) until April 2017. Birchalls occupy part of the ground floor at the rear and the first floor offices, and they will pay a market rent until April 2017.
With National retailers still looking at entering the Launceston retail market, this is an ideal opportunity to consider a secure investment.
The Launceston City Heart project is contributing towards the re-vitalization of the CBD, and this presents an opportunity to buy in the best location in Launceston.
NB- The intent is to offer for sale the adjoining property 118-122 Brisbane Street once the Birchalls business has been sold.
For Sale by Expressions of Interest closing 2 September 2016 at 4pm.
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
124 Brisbane Street
Launceston, TAS 7250
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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