157 Brisbane Street,
Launceston, TAS 7250
Shops & Retail
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Shepherd & Heap Pty Ltd - LAUNCESTON
49 Cameron StreetLAUNCESTON, TAS 7250
04178208...
157 Brisbane Street
Launceston, TAS 7250
Map of 157 Brisbane Street
Prime Dual Income CBD Investment With 10 Year Lease
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 Galaxy Nails 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
- 175m2 building area
- $61,118pa current net income
A true 'set and forget' commercial investment, offering long term growth and surety of income.
For further details contact Blake Shepherd
Investment features include:
- New leases from 2019 - Aussie Convenience 10 + 5 years and Galaxy Nails 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
- 175m2 building area
- $61,118pa current net income
A true 'set and forget' commercial investment, offering long term growth and surety of income.
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
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Most households
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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