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80A-88 Charles Street
Launceston TAS 7250
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Sold on 18 Feb 2021

80A-88 Charles Street Launceston TAS 7250

  • Shop & Retail
  • 1,040 m²
  • Sold

Superior CBD Freehold Flagship Opportunity

Shepherd & Heap Commercial on behalf of client Holmes Building Pty Ltd is delighted to offer to the open market for sale for the first time ever the Holmes Building, a superior CBD freehold flagship opportunity and true generational Launceston investment holding. Uniquely positioned on the corner of Brisbane and Charles Streets opposite the Brisbane Mall and neighboured by retail giants Target and Country Road exposing the property to immense vehicular exposure and footfall traffic.

Held in the one family for many years this rare offering provides buyers surety of income from two strong retail brands, an extremely well maintained building along with the clear benefit of potential first floor development upside.

- Anchored by ASX listed jewellery icon Michael Hill Jewellers and specialty Tasmanian health food brand Natures Works
- Diversified income spread over three retail tenancies and six long standing first floor tenancies
- Substantial dual level building comprising some 1,000m2 of floor space
- Opportunity to occupy vacancy or re-lease to realise full income potential
- Estimated fully let annual return of $284,000 net

The property's presence and exposure displaying an enormous 31 metre frontage to Charles Street underpins the future growth potential; further division into smaller retail tenancies is certainly achievable along with potential future strata subdivision (s.t.c.a) to maximise inherent value and return.

For sale by Offer - Closing Wednesday 4th November
For further details contact Blake Shepherd or Ian Singline.

Shepherd & Heap Estate Agents
Shepherd & Heap Estate Agents
49 Cameron Street
Launceston, TAS 7250

Property Highlights

Date Sold18 Feb 2021
Floor Area1,040 m²
Land Area621 m²
ParkingAsk Agent
Property ID2016509952
Category
Last updated  1 Mar 2021
Map for 80A-88 Charles Street Launceston TAS 7250
Shepherd & Heap Estate Agents
Shepherd & Heap Estate Agents
49 Cameron Street
Launceston, TAS 7250

Property Highlights

Date Sold18 Feb 2021
Floor Area1,040 m²
Land Area621 m²
ParkingAsk Agent
Property ID2016509952
Category
Last updated  1 Mar 2021

Co-Agents

Blake Shepherd
Blake Shepherd
Shepherd & Heap Estate Agents
Call
0417 820 820
Ian Singline
Ian Singline
Shepherd & Heap Estate Agents
Call
0419 820 820

More about 80A-88 Charles Street Launceston TAS 7250

80a-88 Charles Street Launceston TAS 7250 is categorized as Shop & Retail Property. It has a floor area of 1,040 m² and a land area of 621 m². The listing ID for this property is 2016509952.

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