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65 George Street Launceston TAS 7250

  • Shop & Retail
  • 178 m²
  • For Sale, $670,000 (inc. GST)

Two Tenanted CBD Properties

    This high profile property holding housing the well know Launceston business the Italian Pizza House, located at 65 George Street and Shop 15 Yorktown Square, Launceston is offered for sale for the first time in over 15 years and only the second time in over 40 years. Successfully operating as the Italian Pizza House from the 65 George Street location, the business is a Launceston institution having thrived over this time selling high quality takeaway pizza, pasta, soup, salad and deserts to Launcestoniansâboth pick up and delivery. As a condition of any sale the owner of the business will enter a 3 year lease at a commencing annual rental of $45,000 plus Outgoings and GST, annual reviews to CPI and market reviews upon commencement of option periods, 4 x 3 year options to follow. The 65 George Street location allows great profile onto busy George Street in Launceston's CBD for easy pick-up day and night for people working within the city, or collection for those driving into town. Shop 15 Yorktown Square, interconnected to 65 George Street, would make an excellent indoor dining option or café with its easy access off Yorktown Square and parking the Square offers. This is a great chance to secure a tenanted investment property housing a longstanding business in an excellent. With an established reputation within Launceston, a high profile CBD location, ever increasing tourism in our beautiful state and a product that has stood the test of time, this is a rare opportunity indeed and one well worth close consideration. Please note floor area and land area are the total for both properties, 65 George Street and Shop 15 Yorktown Square. Boundary indicators on images are approximates only.

    The information on this website has in part been supplied to Humphreys Real Estate Pty. Ltd .by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties

    The information on this website has in part been supplied to Humphreys Real Estate Pty. Ltd. by third parties and Humphreys Real Estate Pty. Ltd. has not checked the accuracy of the information and does no more than pass it on.

    Property Highlights

    Property ID2016555435
    Floor Area178 m²
    Land Area178 m²
    ParkingOn site parking available
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  15 Oct 2020
    Map for 65 George Street Launceston TAS 7250
    Map for 65 George Street Launceston TAS 725065 George Street Launceston TAS 7250
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    • Purchase price

      $
      670,000

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

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