Ground Floor, 10-14 Paterson Street,
Launceston, TAS 7250

Shops & Retail

Key property information

Land area

Floor area

Sold on

Map of Ground Floor, 10-14 Paterson Street

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Single Tenant, Minimal Management Investment - $1.465m

Opportunity to secure this prime hospitality and retail investment property occupied by Launceston's iconic Inside Cafe and Inside Home and Gifts. In the heart of the CBD in sought after locale, directly opposite large 244 bay multi-storey car par.

$96,772pa net rental
Fixed annual 3.5% increases
Tenant pays all usual outgoings including building insurance
Currently under 8 year lease term with options to 2030
503m2 building area plus one car space on title
Huge 13.9m2 frontage

An outstanding Investment ideal for SMSF displaying a superb fitout which is second to none and lease security from extremely popular business along with future upside to split into two tenancies - one not to miss.

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

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