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170 Elizabeth Street
Launceston TAS 7250
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Sold on 21 May 2019

170 Elizabeth Street Launceston TAS 7250

  • Shop & Retail
  • 7,428 m²
  • Sold

Launceston CBD - Long Lease to ASX-Listed Tenant

Auction Wednesday 3 April 2019 @ 11am
River Room, Crown Casino, Melbourne

Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures

Landmark position only 750 metres from Launceston GPO
Impossible to replicate in terms of scale and strategic position
Close to major Woolworths and Dan Murphy's
Extremely rare, almost entire city block, affording
4 major CBD frontages totalling 290 metres
Extensively redeveloped to exceptional standard and presentation
Launceston: Tasmania's 2nd largest city with 80,000+ people

Net income $883,423 pa + GST

AUCTION

Auction date and time03/04/2019 11:00
Auction location170 Elizabeth Street, Launceston TAS
Burgess Rawson Sydney
Burgess Rawson Sydney
Level 11.02, 9 Castlereagh Street
Sydney, NSW 2000

Property Highlights

Date Sold21 May 2019
Floor AreaAsk Agent
Land Area7,428 m²
ParkingAsk Agent
Property ID2014998785
Category
 Shop & Retail
 Development / Land
 Showrooms / Bulky Goods
Last updated  13 Jun 2019
Map for 170 Elizabeth Street Launceston TAS 7250

Nearest transport* to 170 Elizabeth Street Launceston TAS 7250

Bus
No.175 York St67 m
Margaret St Opp. Elizabeth St71 m
No.34 Margaret St (School Bus Only)139 m
Launceston College, Brisbane St207 m
Data source: Metro Tasmania Pty Ltd (Metro)
 *Within a 4km radius
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Burgess Rawson Sydney
Burgess Rawson Sydney
Level 11.02, 9 Castlereagh Street
Sydney, NSW 2000

Property Highlights

Date Sold21 May 2019
Floor AreaAsk Agent
Land Area7,428 m²
ParkingAsk Agent
Property ID2014998785
Category
 Shop & Retail
 Development / Land
 Showrooms / Bulky Goods
Last updated  13 Jun 2019

Co-Agents

Darren Beehag
Darren Beehag
Burgess Rawson Sydney
Call
0411 226 223
Billy Holderhead
Billy Holderhead
Burgess Rawson Sydney
Call
0422 817 696

Enquire about this property

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            More about 170 Elizabeth Street Launceston TAS 7250

            170 Elizabeth Street Launceston TAS 7250 is categorized as Shop & Retail Property. It has a land area of 7,428 m². The listing ID for this property is 2014998785.

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