Shepherd & Heap Commercial is delighted to offer for sale this truly unique mixed use property, thanks to it comprising an ultra rare combination of the best performing sectors in the current property market; warehousing, office space, residential and car parking all of which are standalone structures.

With long lease terms, immense development and rental upside and close proximity to Launceston’s city centre this investment is about as secure as they come affording buyers the opportunity to spread risk across four separate sectors.

Property highlights include:
- Fully occupied mixed use investment spanning across commercial, residential and car parking
- Extra wide car parking spaces for ease of ingress/egress and also newly sealed
- Residential and office tenancies have undergone extensive renovations both with new rooves
- The fully furnished residential tenancy is of very good quality and is a fine example of premium inner city living
- Two brand new commercial 3 + 3 year leases
- Brand new 48 week residential lease commencing late February 2023
- Seventeen monthly car parking tenants (fully occupied)
- Current NET rent of $92,478pa excl. GST

27-31 Frederick Street’s DNA and location are sure to afford the potential buyer with an extremely bright and rewarding future, warranting serious consideration of this acquisition opportunity.

For Sale by Expressions of Interest Closing 4pm Monday 27 February 2023.

For further details contact Joel Harwood.