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11 High Street Launceston TAS 7250

  • Offices
  • 11,546 m²
  • For Sale, For Sale by Formal Offers Closing at 5pm 25 November

Ultra Rare Generational Development Opportunity

    Shepherd & Heap Commercial on behalf of its client Bourke Properties Pty Ltd is proud to offer for sale ?QV Tower and Clarence House, a generational East Launceston land holding with unprecedented development upside.

    The offering comprises the 9 level QV Tower, the 7 level Clarence House, plus ?the 3 level original nurses qua?rters building ?and the Clarence Street car park. Total building area is approximately 11,546m2 comprised in one impressive 1.14Ha freehold title.

    The site was previously Government owned and operat?ed as Launceston's maternity hospital ?until 1995 when the Queen Victoria Maternity unit was transferred to the ?new Launceston General Hospital. Bourke Properties has carried out extensive refurbishment to suit allied health and office type applications and due to retirement offer this unique asset now to the open market for the next stage of life.

    Land area - one title comprising 1.14ha
    Building area 11,546m2 across three main buildings
    Desirable 'Urban Mixed Use' zoning overlay
    76 external marked car spaces
    Architectural concept plans for residential redevelopment
    Covid-safe state with strong political leadership
    Current holding income from QV Tower of $478,000p.a with significant ability to increase
    Further income potential from Clarence House and Old Nursing Quarters

    Against the background, Shepherd & Heap has every confidence in recommending 11 High Street as an exceptional offering that has all the qualities of a landmark re-development opportunity.

    For further details please call Blake Shepherd or Ian Singline

    Property Highlights

    Property ID2016552922
    Floor Area11,546 m²
    Land Area1.14 ha
    EnergyAsk Agent
    Parking76 x Onsite parkings
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  14 Oct 2020
    Map for 11 High Street Launceston TAS 7250
    Map for 11 High Street Launceston TAS 725011 High Street Launceston TAS 7250
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

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    Shepherd & Heap Estate Agents
    49 Cameron Street Launceston TAS 7250

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