124 Charles Street,
Launceston, TAS 7250
Shops & Retail
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Shepherd & Heap Pty Ltd - LAUNCESTON
49 Cameron StreetLAUNCESTON, TAS 7250
04178208...
124 Charles Street
Launceston, TAS 7250
Map of 124 Charles Street
Rare CBD Multi Tenanted Investment Property Strata Development Upside and Huge Growth Potential
This superb property occupies arguable 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 8 commercial shops, the property is currently fully let as 4 tenancies incorporating Cold Rock, Wildly Abigail Florist, Hari's Curry and Phenomenal Nails and Lashes.
- Cold Rock - 97 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
- $100,178pa 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.
Constructed as 8 commercial shops, the property is currently fully let as 4 tenancies incorporating Cold Rock, Wildly Abigail Florist, Hari's Curry and Phenomenal Nails and Lashes.
- Cold Rock - 97 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
- $100,178pa 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
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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