157 Brisbane Street,
Launceston, TAS 7250

Shops & Retail

Key property information

Land area

Floor area

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Map of 157 Brisbane Street

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Prime 'Two In One' CBD Investment Offering - 10+5/ 5 + 5 Year Leases up to 2034/2029

A superb investment offering, two securely leased retail shops in Brisbane Street, Launceston's premier retail strip and less than 100 metres from The Mall. Within a strong business locale and high footfall area the offering is in the best of company with Village Cinemas next door plus Target, KFC, Country Road, ZAP Fitness and Michael Hill Jewellers all surrounding the property.

Investment features include:
• New leases from 2019 - Aussie Convenience 10 + 5 years and Case by Case 5 + 5 years
• Bank guarantee/security bond in place on each tenancy
• Net lease structures with tenants paying statutory outgoings including Council rates and Land Tax
• Compounding 3% and 3.5% rent increases
• Modern shopfront style tenancies, self contained and excellent presentation
• 175 sq. metre building area
• $57,312pa current net income

One of the best commercial investment opportunities currently in the local marketplace, certainly one to consider.

For further details call Ian Singline

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

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Most residents

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Most households