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80A-88 Charles Street Launceston TAS 7250

  • Shop & Retail
  • 1,040 m²
  • For Sale, For Sale by Offer

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.

    Property Highlights

    Property ID2016509952
    Floor Area1,040 m²
    Land Area621 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Last updated  25 Nov 2020
    Map for 80A-88 Charles Street Launceston TAS 7250
    Map for 80A-88 Charles Street Launceston TAS 725080A-88 Charles Street Launceston TAS 7250
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