74-76 Elizabeth Street Launceston TAS 7250

Iconic corner building, in a prime position on the corner of Elizabeth and Charles Streets, zoned "urban mixed use." This amazing freehold investment opportunity is on the market for the first time in over 50 years. Offering 3 separate shops downstairs and 8 rooms upstairs, the building is perfectly located and ready for renovation or redevelopment.

Currently there is 1 long term tenant, occupying the main shop and using some other rooms for storage. This tenant has been in this building for many years and would love to stay on. He is ready to sign a new lease with the new owners
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Shop 2, situated on Elizabeth Street, was until recently tenanted as takeaway store and is now empty and ready for a new tenancy. This is a large shop that could serve a variety of tenancy styles.

Shop 3 is situated on Charles Street. This is a small 1 room shop, previously tenanted by a jeweler. There is a sink and small coffee making area in the back corner.

Upstairs can be accessed by its own entry off Elizabeth Street, or via the main shop on the corner. This is a huge area that could very easily be re-developed into a 3-bedroom townhouse or could be easily converted into 3 x 2 room office suites.

The building has many original features and is just bursting with possibilities for the astute investor.

Land tax- $800 approx.
Rates- $4600 approx.
Water- $2800 approx.

Contact Kathleen Gee for more information.