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Knight Frank - Launceston

401, 403-405 West Tamar Highway Riverside, TAS 7250


401, 403-405 West Tamar Highway,
Riverside, TAS 7250

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Knight Frank - Launceston
David Webster
Rodney Rawlings

Knight Frank - Launceston

54 Cameron Street
Knight Frank - Launceston
401, 403-405 West Tamar Highway
Riverside, TAS 7250

Map of 401, 403-405 West Tamar Highway


Suburban Retailing and offices complex. Maximum profile location

Locally known as "Joe's Takeaway Corner" this highly recognizable, highway frontage property complex, at Riverside holds what is arguably one of the foremost corner positions in greater Launceston.
The complex covers a gross land area of 2,663 sqm*, over three titles and sits at the corner of West Tamar Highway and Ecclestone Road, directly opposite Riverside Hotel and BWS.

Leased to multiple tenants, the complex delivers an approximate net rental of $109,500.

Major retail tenants include, "Joe's Takeaway and Supermarket" which has operated from the complex since 1992, and "Rhubarb For Gifts", which has expanded to two stores in Launceston. Similarly, the complex has a Hair Salon, a Beauty Parlour and a beauty products retailer.

Major office tenant is "Care Assess", a Tasmania based health and care agency. "Care Assess" occupies part of the ground level and part of the first floor.

The complex also provides a residential apartment; plus, valuable and extensive "on-site" car-parking.

The property has been tightly held by one family and this is the first time it has been offered for sale in 25 years.

An opportunity to acquire an income creating investment facing one of the three busiest arterial highways in Northern Tasmania.


Property ID: 503199882Last Updated: 14 Nov 2021

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