Fully Leased CBD Investment - Strong Tenant Business Mix
103 St John Street is an imposing two level corner commercial property finished in the striking art deco style sited at the entrance to the popular Quadrant Mall. Significant streetscape upgrades recently of the Mall enhance the property considerably with further major streetscape work planned for St John Street in the near future.
Fully leased and a strong letting history, the impressive tenant directory includes Sarah Whittington Optometrist, national NDIS/Aged Care provider Candice Care and local kitchen cabinetry supplier Tassie Cabinets.
Investment features at a glance: - Imposing two level building featuring distinctive art deco styles - Exceptional presentation throughout, quality fit-outs - Prominent inner CBD site in Launceston's main retail zone - High visual position with over 27 metres of street front - Future strata subdivision potential and/or upper level residential conversion (all STCA) - Fully leased, multiple tenancy investment with secure leases - Current net income $67,020 per annum
103 St John Street presents as an outstanding investment opportunity, worthy of serious consideration for any property portfolio.
Private Treaty Sale - $1.1million - Contact Joel Harwood or Ian Singline for further details, IM report, inspections (by appointment).
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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