59-61 Paterson Street,
Launceston, TAS 7250

Shops & Retail • Offices

Key property information

Land area

Floor area

Tenure type

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Map of 59-61 Paterson Street

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Superb Multi Tenanted Investment With Upside

This Flight Centre anchored investment offers buyers the benefit of spreading risk across three tenancies. Ideally positioned only one block from the Brisbane Street Mall and next to large scale Carepark car park , the wonderfully appealing heritage facade (not listed) provides for two individual ground floor retail tenancies and side street access to first floor office, offering great opportunity to owner occupy or create apartment/ air b&b in the future.

With varied lease expiries, the longest being Flight Centre at 2029 including option the property provides an ideal investment proposition offering future growth potential and coveted Central Business zoning overlay.

$57,000 per annum net rental
190m2 approx land area
360m2 approx floor area across two levels

For further details please call 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