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Shepherd & Heap Pty Ltd - LAUNCESTON

42-44 George Street Launceston, TAS 7250

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42-44 George Street,
Launceston, TAS 7250

Shops & Retail • Offices • Hotel, Motel & Leisure

Price information

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$1,400,000

Key property information

Land area

Floor area

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Shepherd & Heap Pty Ltd - LAUNCESTON
Blake Shepherd
Joel Harwood

Shepherd & Heap Pty Ltd - LAUNCESTON

49 Cameron Street
LAUNCESTON, TAS 7250
Shepherd & Heap Pty Ltd - LAUNCESTON
42-44 George Street
Launceston, TAS 7250

Map of 42-44 George Street

Directions

Fully Leased Muti-Tenancy Investment

A prominent freehold offering, well located in Launceston's latest true growth precinct, only metres to Launceston's newest 7 storey office development, $304million University development, new hotel development (proposed) and other superior office buildings.

Spread risk with two ground floor tenancies, anchored by extremely popular café - Frankie's, along with complimentary soon to open retail store and 5 high end first floor offices (all leased).

- Valuable hospitality infrastructure - rangehood and grease trap all in situ.
- Future upside is evident via constructing additional first floor space to the rear (stca).
- Solid brick construction with large plate glass windows taking full advantage of the sunny, north easterly aspect.
- Rear access along with one car parking space via historical access lane.
- Total net income: $95,356pa + GST

With the refurbishment of this iconic property only being completed recently, 42-44 George Street presents extremely well and is sure to provide buyers with a low maintenance, high yielding investment for many years to come.

For further details contact Blake Shepherd or Joel Harwood.

Property ID: 504470572Last Updated: 31 Jan 2024

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