96-102 St John Street Launceston TAS 7250

Shepherd & Heap Commercial is delighted to present to the market this superb CBD property known as Crabtrees Corner, a rare investment opportunity ticking off all the boxes and featuring The Commonwealth of Australia as an anchor tenant.

Situated on the high profile corner of St John and York Streets just metres from the Brisbane Street Mall, the property is securely leased to a wide range of established commercial businesses offering a net income potential of $131,517pa displaying good future rental growth.

Features include:
- Renewed 3 + 3 year lease to Commonwealth of Australia (from July 2022)
- Multiple tenancy configuration for added underlying security
- High profile CBD location, metres from The Mall
- Large 754sqm building area
- Solid brick and concrete construction primed for future development (STCA)
- Net income potential of $131,517pa + GST

Shepherd & Heap recommends 96-102 St John Street as a quality investment and is worthy of serious consideration for adding to or starting an investment portfolio.

For further details, information memorandum or contract of sale contact Joel Harwood.