79A-81 George Street Launceston TAS 7250
- Shop & Retail
- 150 m²
- For Sale, $725,000 (GST na)
CBD Investment - National Tenant and Food Operator
Extremely well located in Launceston's popular and trendy George Street, this property sits among thriving food and cafe outlets plus strong national brands such as ANZ, Westpac, Flight Centre.
Two tenancies allow investors to spread risk with a renewed 3 year lease to Nanglo Restaurant and term of 3 years plus 6 months with benefit of two 2 year options to long standing national tenant Money 3 who have occupied the tenancy since 2007.
Flexible 'Central Business' zoning overlay
Thriving mixed use street with consistent flor of foot traffic
Covid safe state with strong political leadership
Total annual rental of $42,062 + GST with the tenants paying usual outgoings
Both tenancies occupy a land area of 80m2 each, (two titles) with building areas of approximately 75m2 each, exciting potential exists for further upside, perhaps with a first floor apartment addition (s.t.c.a)
For further details please call Blake Shepherd
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