82 George Street Launceston TAS 7250

Positioned in the heart of Launceston's CBD, 82 George Street presents an exceptional entry-level investment opportunity.

Surrounded by popular dining establishments and boutique retailers, this well-located asset benefits from strong pedestrian traffic and an attractive streetscape that continues to draw locals and tourists alike.
The property is securely tenanted to Coal River Farm, a well-regarded Tasmanian brand known for its high-quality produce and retail offering.

A new 5 + 5 year lease commenced in April 2024, providing long-term income security for the incoming owner. The tenant has undertaken a quality retail fitout in line with their premium branding, ensuring a strong visual presence and immediate appeal to customers. All statutory outgoings are paid by the tenant, offering a low-maintenance and cost-effective investment structure.

The property is currently underlet, presenting potential for future rental uplift. With a compact land footprint and established lease, it offers a manageable holding with the added benefit of future development potential, subject to the relevant council approvals.

82 George Street is more than just a retail investment, it's a strategic foothold in Launceston's growing urban core. With its excellent location, strong tenancy profile, and long-term upside, this is an excellent opportunity to secure a quality entry level asset on one of Tasmania's most sought-after retail strips.

- Entry level investment in attractive location
- 5+5 year lease commenced April 24
- Popular retail strip within the Launceston CBD
- Quality retail fitout
- All statutory outgoings paid by tenant
- Future rental and development upside
- Surrounded by inner city dining options and boutique retailers

To learn more about this property, contact Andy or Ben at Howell Property Group.

Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.