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19-21 York Street Launceston, TAS 7250


19-21 York Street,
Launceston, TAS 7250

Hotel & Leisure

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Prime Hotel Investment Property In Booming Tourism Sector - Renewed 5 Year Term On Long Lease

Premium Investment Opportunity in Tasmania's booming tourism sector, part way through long term 38 year commercial lease (including options). Solid building construction of brick and concrete block featuring 37 guest rooms over four levels plus ground floor reception, dining and conference facilities along with roof top managers quarters.

With a sizeable 1,486m2 land area the site features 28 car spaces and obvious long term development upside for further accommodation or indeed an apartment development.

Offered at a healthy 8.25% yield with annual CPI increases
Four upper levels featuring 366m2 floor plates plus rooftop managers quarters
Good quality tenant operating business to a high standard
Strategic city locale with unsurpassed views of Gorge and Tamar River
Rent: $260,329pa with tenant paying all usual outgoings including Land Tax

for further details please call Blake Shepherd

Property ID: 503193370Last Updated: 12 Aug 2019

0417 *** ***
19-21 York Street
Launceston, TAS 7250

Agency contacts

Shepherd & Heap Pty Ltd - LAUNCESTON
Shepherd & Heap Pty Ltd - LAUNCESTON
49 Cameron Street
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Blake Shepherd
Shepherd & Heap Pty Ltd - LAUNCESTON
19-21 York Street Launceston, TAS 7250

I’m interested in this property. Could you please provide me with more information.

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  • Blake Shepherd

    Shepherd & Heap Pty Ltd - LAUNCESTON
    0417 *** ***