10-16 Wellington Street Launceston TAS 7250

Shepherd & Heap Commercial on behalf of its client TasTAFE is proud to offer for sale TasTAFE - 10-16 Wellington St, a rare offering with immense development upside in an extremely coveted pocket of the City of Launceston.

The substantial 5,403m2 corner site comprises three wings centred around a substantial open air on grade carpark and landscaped area of over 1,000m2 lending itself to new multi level construction. The layout and general configuration of the property well suits hotel development, residential conversion, allied health or general mixed use development (Council and or zoning changes may apply).

Land area - one freehold title 5,403m2
Building area - combined area of approx 4,928m2
Up to 30 open air car parking spaces
Unlimited opportunity from repurposing the existing buildings to complete redevelopment of the expansive site
Would well suit hotel, residential, medical, educational and office type uses going forward (all stca)
Upgraded services including installation of 2 lifts
Ultra rare unique site with unrivalled access to the Royal Park and Tamar River
Neighbouring only the Queen Victoria Art Museum with proposed $50m upgrade
Central location only 300m to Brisbane Street Mall

Invest in a COVID safe state with stable economic and political landscape to develop an iconic site into Launcestons latest exciting development.

For Sale by Tender Closing strictly 4pm 9th December 2020 at the offices of Shepherd & Heap in a sealed envelope marked 10-16 Wellington St, Launceston Tender Private and Confidential do not open

Tenders will be opened by two representatives of TasTAFE and Director of Shepherd & Heap, Tender terms and conditions as described in Tender documentation.