287 Wellington Street, LAUNCESTON TAS 7250
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- 3 Apr 2017
High Profile Commercial Asset
An opportunity to acquire a strong commercial location on one of Launcestons busiest arterials. Owner occupy or redevelop / lease with an existing 1357m2 of building footprint over two titles consisting of 2553m2 of land.
Leased to the State Government on a month by month at Will arrangement leaving scope for possible vacant possession.
As is the site is currently returning approx $120,000 of Net Rent pa and boasts up to 24 on site car parks.
Has a Commercial zoning overlay under the Launceston Interim Planning Scheme 2015 with potential to even demolish the site for modern redevelopment (STCA). Would well suit Mixed Use / Medical / Professional type uses / possibly residential, also (STCA).
This solid and substantial office/workshop commercial property is located on the corner of Wellington and Garfield Street in a strong commercial and business area of South Launceston with good visual display and vehicular access off Garfield with Wellington Street being the main traffic route from the city to the southern suburbs of Launceston.
Consists of two-storey office, separate amenities, separate workshop, two separate stores, one with amenities inclusive of separate tiled shower recess, wc, toilet and hand basin. Built in the late 1950s the landlord has in the past continued to upgrade.
33.27 metre street frontage onto Wellington Street and 51.85 metre street frontage onto Garfield Street (two titles).
Contact Marcus Douglas for more details and immediate inspection.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
287 Wellington Street LAUNCESTON