160 meters of frontage onto St Leonards Road, easily accessed, central (a 7 - 8 minute drive to Launcestonâs CBD), comprising 8 separate titles with a total land area of some 3.268 hectares (of which approximately 1.85 hectares is currently in use), a "Light Industrial" zoning - all this adds up to a unique and substantial holding within Launceston.
Improvements comprise a comprehensive factory building complete with 3 phase power, extraction ducting (if required), comfortable and functional office space and amenities and car parking that would satisfy the needs of a single occupant or could be divided (STCA) into multiple tenancies. In addition are three smaller outbuildings and extensive hard stand yard area plus 3 dwellings, 1 of which is habitable and currently occupied. Subject to Council Approval and any other approvals required demolition of some of the dwellings is a great option to free up more land area for further development and improvement.
Here is a chance to secure a property, with vacant possession, in a tightly held part of the market that offers masses of potential, both short and long-term.
⢠Utilise the factory building and offices as they are ongoing or generate a holding income whilst further development is planned.
⢠Consider conversion of the factory building onto multiple tenancies.
⢠Demolish part of the factory building and redevelop, or demolish all the building and redevelop the site entirely.
⢠Excellent frontage and multiple accesses support development.
⢠Utilise the entire site for your own operations if scale is required, or utilise part and develop the balance.
A rare opportunity indeed in this tightly held part of the market to secure a versatile, substantial holding within Launceston.
Please note all suggested development options including demolition of any improvements are subject to Launceston City Council Approval and approval from any other relevant authority. All boundary outlines in images should be treated as indicative only.
The information on this website has in part been supplied to Humphreys Real Estate Pty. Ltd. by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the property.
Humphreys Real Estate Pty. Ltd. has not checked the accuracy of the information and does no more than pass it on.
