BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 5.2.3//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Premium Mixed-Use Investment | 4 Income Streams in Prime Charle s Street Location\nElders Commercial is proud of exclusively offer a premi um mixed used asset - home to the renowned Cafe Mondello and three boutiqu e accommodation units. \n\nThe property is for sale via Expressions of Int erest closing 8 September 2026.\n\nKey property and investment highlights include: \n\n+ The property is positioned in a highly sought-after section of Charles Street\, directly between the Launceston Central Business Dist rict and the Launceston General Hospital. This strategic location benefits from constant foot traffic and strong underlying demand from both commerc ial patrons and short-stay accommodation guests. \n+ The asset provides fo ur distinct income streams\, comprising a well-established hospitality ten ancy and three boutique residential accommodation units. This diversified structure reduces reliance on a single tenant and enhances overall income security.\n+ The ground floor is occupied by Café Mondello\, a long-stand ing and highly regarded Launceston operator. .\n+ The three self-contained apartments are positioned to capture sustained demand from medical staff\ , business travellers\, and visitors. Their proximity to major infrastruct ure and lifestyle amenity supports ongoing occupancy and steady short-term accommodation income. \n+ The Urban Mixed Use zoning supports a wide rang e of uses including hospitality\, commercial\, and residential accommodati on. This provides future flexibility for owner-occupiers\, investors\, or value-add strategies over time. \n+ The building has been substantially up graded into a high-quality mixed-use format. The combination of modern acc ommodation and a fully fitted hospitality space reduces the need for immed iate capital investment by an incoming purchaser.\n+ The inclusion of thre e on-site car parks is a valuable feature within this inner-city location\ , improving accessibility for tenants and guests and further supporting th e property's overall functionality and appeal.\n\nPlease contact Fletcher Seymour or Rodney Rawlings for more information or to arrange an inspectio n. DTEND:20260908T170000 DTSTAMP:20260812T060125Z DTSTART:20260908T170000 SEQUENCE:0 SUMMARY:Expression Of Interest: 242 Charles Street\, Launceston TAS UID:CRE-2021068070-EOI X-ALT-DESC;FMTTYPE=text/html:

Premium Mixed-Use Investment | 4 Inco me Streams in Prime Charles Street Location
Elders Commercial is pro ud of exclusively offer a premium mixed used asset - home to the renowned Cafe Mondello and three boutique accommodation units.

The pr operty is for sale via Expressions of Interest closing 8 September 2026. < br/>
Key property and investment highlights include:

+ The property is positioned in a highly sought-after section of Charles S treet\, directly between the Launceston Central Business District and the Launceston General Hospital. This strategic location benefits from constan t foot traffic and strong underlying demand from both commercial patrons a nd short-stay accommodation guests.
+ The asset provides four disti nct income streams\, comprising a well-established hospitality tenancy and three boutique residential accommodation units. This diversified structur e reduces reliance on a single tenant and enhances overall income security .
+ The ground floor is occupied by Café Mondello\, a long-standing and highly regarded Launceston operator. .
+ The three self-contain ed apartments are positioned to capture sustained demand from medical staf f\, business travellers\, and visitors. Their proximity to major infrastru cture and lifestyle amenity supports ongoing occupancy and steady short-te rm accommodation income.
+ The Urban Mixed Use zoning supports a wi de range of uses including hospitality\, commercial\, and residential acco mmodation. This provides future flexibility for owner-occupiers\, investor s\, or value-add strategies over time.
+ The building has been subs tantially upgraded into a high-quality mixed-use format. The combination o f modern accommodation and a fully fitted hospitality space reduces the ne ed for immediate capital investment by an incoming purchaser.
+ The inclusion of three on-site car parks is a valuable feature within this inn er-city location\, improving accessibility for tenants and guests and furt her supporting the property's overall functionality and appeal.

Please contact Fletcher Seymour or Rodney Rawlings for more information or to arrange an inspection.

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