Situated on Wellington Street in an area that has seen a number of successful projects take shape in recent years, this site is arguably one of the best redevelopment opportunities to come to market in quite a while.
The property sits on a large parcel of land circa 1424m2 and benefits from dual access off both Wellington and Galvin Streets. In its current configuration, the 800m2 of buildings are split into three defined tenancies and benefit from the 16 on site car parking spaces. The property will be sold with one lease in place over the corner tenancy which is approx. 280m2 in size.
The remaining two 95m2 & 425m2 tenancies provide excellent office and warehousing accommodation in their own right, providing a ready made option for owner occupied looking to expand, or enter the market.
Real potential lies in the redevelopment of this site, its strategic position is advantageous for a number of uses, an opportunity for a mixed use commercial / residential development (STCA) could be considered.
275 Wellington Street is offered for sale by expressions of interest with a closing date of Friday 19th August 2022 at 4pm. Purchasers must submit their best offer by this date for consideration by the vendor. Decisions on offers will not be made before the closing date.
- High exposure location on Wellington Street
- Land size 1424m2 approx.
- Existing buildings total 800m2 approx.
- 16 car parking spaces on site
- Zoning 'Commercial' (23.0)
- Opportunities for further refurbishment and/or development (STCA)
- High profile surrounding businesses (McDonalds, Hungry Jacks, Green Leaves Early Learning, Jackson Motor Company, Launceston Medical Centre)
- Dual access from both Wellington and Galvin Streets
- Easy access to the highway and airport
- Located within minutes of the CBD and less than 600m to Launceston General Hospital
- All tenancies NBN ready
To learn more about this property, contact Andy or Ben at Howell Property Group.
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
