63 George Street,
Launceston, TAS 7250

Hotel, Motel & Leisure • Shops & Retail

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Exceptionally Well-Appointed Food Premises Investment Opportunity

An outstanding opportunity for investors to secure this incredibly well established licensed restaurant property, occupied by Launceston icon: La Cantina Italian Restaurant; a family owned and operated business for over 40 years. The property presents extremely well with traditional Italian decor throughout and a fully equipped kitchen that is neat as a pin.

Features include:
- Long lease
- Exceptionally well trading tenant: La Cantina Italian Restaurant established over 40 years ago
- Tenant pays all statutory outgoings plus body corporate levies
- Prime George Street location; Launceston’s pre-eminent hospitality strip
- $75,000pa net rent

For further details contact Joel Harwood or 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

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