Unit 1, 68 George Street,
Launceston, TAS 7250
Shops & Retail
Key property information
Land area
Floor area
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Map of Unit 1, 68 George Street
"Set and Forget" Investment Opportunity
Situated in Launceston's main food/cafe precinct of George Street, the property is situated next door to "The Black Cow" being one of the city's premier restaurants.
The property is a Ground Floor Strata Title of some 113 sqm. The Title has a unit entitlement of 60 of 100 Units providing a controlling interest.The other strata is a first floor FF apartment.
The ground floor of approx 103 sqm is currently occupied by a food franchise business Bento, who provides both takeaway and in-house dining.
The property is leased until 3rd Feb 2024 + 2 x 5 year options. Current net rent is approx $30,160 pa + GST + Outgoings with annual CPI increases.
The property is a Ground Floor Strata Title of some 113 sqm. The Title has a unit entitlement of 60 of 100 Units providing a controlling interest.The other strata is a first floor FF apartment.
The ground floor of approx 103 sqm is currently occupied by a food franchise business Bento, who provides both takeaway and in-house dining.
The property is leased until 3rd Feb 2024 + 2 x 5 year options. Current net rent is approx $30,160 pa + GST + Outgoings with annual CPI increases.
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
Families
Most households
Unit 1, 68 George Street
Launceston, TAS 7250
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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