85b George Street,
Launceston, TAS 7250

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Map of 85b George Street

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Affordable CBD Commercial Investment Property – 3 Year lease in Place

Very well appointed and within a prominent building occupying the corner of Brisbane and George Street, the property is tenanted to Vmac for a 3 year term to 15th October 2021 with 2 further 2 year options to follow. Compact, air-conditioned, very well appointed complete with security system and offering excellent profile and plate glass frontage to the masses of passing vehicles using George Street each day. It also provides very easy access for customers and staff alike. This is a great opportunity to secure a high profile property in Launceston’s CBD with a tenant in place and years remaining on the lease. Here is an opportunity to add to your existing portfolio or buy into the commercial property market for the first time at an affordable level.

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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