67-75 Paterson Street,
Launceston, TAS 7250
Key property information
Map of 67-75 Paterson Street
A-Grade Investment with circa 6% return
Due to the historic overlay the façade of the original building and the extension that was added in 1888 were conserved. The three floors of commercial space inside were divided to allow for new business tenants of differing sizes. The history of the building is referenced in the old newsprint wallpaper that lines the public spaces. The car parking space was also repurposed to include a ‘pop up’ café and the buildings new main entrance.
The property is strata titled, Tucker & Howell are pleased to be appointed with the sale of Lot 5, 67-75 Paterson Street, Launceston via Expressions of Interest (no closing date).
Lot 5 is being sold with existing lease in place to Tamar Wealth Advisors – if you are looking to start investing in commercial property or add to an existing portfolio, this is an opportunity you should not walk past.
Offers are invited over $320,000
-Annual net rent approx. $20,793 (circa 6% return)
-3 year term with 1x 3 year option
-Central location 100m from the Brisbane St Mall
-Impressive A-Grade spec amenities
-Elevator access to all floors
-Blue Ocean Gigabit NBN (one of few connections in Launceston)
-Air conditioning / heat
-DDA compliant facilities
-Three car parking spaces allocated (added to title on settlement)
Outgoings: (estimates based on previous financial year)
Land Tax: $713.42
Council Rates: $2,704.88
Body Corporate: $5,313.36
To learn more about this property, contact Andy at Tucker & Howell.
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Property ID: 503673970Last Updated: 11 Jan 2021
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