124 Charles Street,
Launceston, TAS 7250
Shops & Retail
Key property information
Land area
Floor area
Sold on
Map of 124 Charles Street
Rare CBD Multi Tenanted Investment Property Strata Development Upside and Huge Growth Potential
4 Commercial Tenancies Exposed to Three Street Fronts
This superb property occupies arguably one of the highest profile corners leading to Launceston's strongest retail strip as well as featuring an enormous 44m frontage to York Street, all the way to the Kingsway corner.
Constructed as 7 commercial shops, the property is currently fully let as 4 tenancies, Cold Rock, Up York Cafe, Hari's Curry and Seagrass Design.
Cold Rock - 76 stores nationally, recently renewed 5 year lease term
Prominent street frontage to 3 streets totalling 58m
Strong commercial tenancy profile focused on the flourishing hospitality sector
Fully leased to multiple tenants spreading risk
Vibrant locale with immense exposure to 3 lanes of passing traffic
$75,000 net rental approximately
An outstanding opportunity to acquire this high profile asset offering strong rental growth potential along with ability for future first floor development (STCA) or indeed strata to individual lots.
For further details contact Blake Shepherd
This superb property occupies arguably one of the highest profile corners leading to Launceston's strongest retail strip as well as featuring an enormous 44m frontage to York Street, all the way to the Kingsway corner.
Constructed as 7 commercial shops, the property is currently fully let as 4 tenancies, Cold Rock, Up York Cafe, Hari's Curry and Seagrass Design.
Cold Rock - 76 stores nationally, recently renewed 5 year lease term
Prominent street frontage to 3 streets totalling 58m
Strong commercial tenancy profile focused on the flourishing hospitality sector
Fully leased to multiple tenants spreading risk
Vibrant locale with immense exposure to 3 lanes of passing traffic
$75,000 net rental approximately
An outstanding opportunity to acquire this high profile asset offering strong rental growth potential along with ability for future first floor development (STCA) or indeed strata to individual lots.
For further details contact Blake Shepherd
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
04178208...
124 Charles Street
Launceston, TAS 7250
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
$850,000
172 Charles Street,Launceston, TAS 7250 170 m²Shops & Retail • Offices • Medical & Consulting
Contact Agent
Chemist Warehouse, 98 Wellington Street,Launceston, TAS 7250 885 m²Shops & Retail • Showrooms & Large Format Retail
