52 & 54 Tamar Street Launceston TAS 7250

An amazing opportunity to secure these two outstanding properties in Launceston's pre-eminent growth precinct. Fully refurbished to a high standard and under lease to long standing tenant TasFoods ASX: TFL with current 3 year lease term running to 31 December 2023.

Both terraces feature generous floorplates of 222.5m2 (24 squares) each, complete with quality fixtures and fittings, full network wiring and a north eastern aspect ensuring a desirable light filled environment.

- Planned $11.5m upgrade to Albert Hall creating a state of the art Convention and Exhibition Space directly across the road
- Directly next door to Launceston's newest hotel - 86 bed 'Verge Hotel'
- Ideal multi room Air BnB business opportunity (stca)
- 200m from $250m UTAS development (under construction)
- Coveted 'Urban Mixed Use' zoning overlay
- Total gross building area 445m2
- 2 freehold titles comprising 486m2 land area
- Current income $65,070pa + 100% of Rates, Land Tax and Water Charges + GST (considered as 'under rented')

A perfect offering for astute buyers looking at long term growth, tourism B and B conversion, residential/mixed use conversion plus clear development upside over rear 100m2 carpark area for additional multi-level building envelope.

For further details please contact Blake Shepherd.