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Ground Floor/123-125 St John Street Launceston TAS 7250

  • Shop & Retail
  • 188 m²
  • For Sale, $1m+ Buyer Enquiry Range

CBD Investment Opportunity

    Located approximately 30m from the corner of St John and York St, and 200m from the Brisbane St Mall, 123-125 St John St offers a rare opportunity to invest in a multi tenancy, street level commercial property in the Launceston CBD.

    The property comprises of five tenancies across two strata titles, with 75% occupancy by area at a sound weighted average lease expiry, just shy of 4 years. Three smaller vacant tenancies within the arcade also offers savvy investors with the opportunity further strengthen the investment profile of the property or reconfigure or develop these spaces for a higher use (STCA).

    The stunning 1st level residential townhouse above the subject property is also available for purchase, making the complex an ideal package for those wishing to get hands on with the management of the property.

    Having not changed hands in over a decade this property will not last long on the open market. To avoid disappointment please contact Howell Property Group to organise an inspection today.

    Expressions Of Interest closing date Tuesday 3rd May 2022 at 12pm. Purchasers must submit their best offer by this date for consideration by the vendor. Decisions on offers will not be made before the closing date.

    - Central, high foot traffic, CBD location
    - Undercover street frontage and arcade
    - Zoned 22.0 Central Business
    - Current gross rental income $42,274 p.a.
    - Potential fully let rental income $75,274 p.a.
    - WALE of 47 months by area
    - Plumbing connection
    - Common toilets

    Outgoings
    Land Tax: $1,155
    Council Rates: $5,896
    TasWater: $1,512

    To learn more about this property, contact Andy 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 purchasers are advised to carry out their own investigations.

    Property Highlights

    Floor Area188 m²
    Land Area188 m²
    ParkingAsk Agent
    Building TypePartial building
    Annual ReturnAsk Agent
    AvailabilityVacant
    Property ID2017731946
    Category
    Last updated  8 Jun 2022
    Map for Ground Floor/123-125 St John Street Launceston TAS 7250

    Property Highlights

    Floor Area188 m²
    Land Area188 m²
    ParkingAsk Agent
    Building TypePartial building
    Annual ReturnAsk Agent
    AvailabilityVacant
    Property ID2017731946
    Category
    Last updated  8 Jun 2022
    Suite 2 / Level 1 / 178 Charles Street Launceston TAS 7250
    Andy Howell
    Andy Howell
    Howell Property Group
    Ben Galvin
    Ben Galvin
    Howell Property Group

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