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Sold on 16 Sep 2019

Level 1/10-14 Paterson Street Launceston TAS 7250

  • Offices
  • 489 m²
  • Sold

Long Term Lease, Architectural Design, Well Known Tenant

This well located, architecturally designed first floor office space within Central Launceston with a long term lease in place approximately 6 years and 3 months remaining is available for sale. Fronting Paterson Street and accessed from the ground floor by lift, the property is light filled and while the design internally is cutting edge, externally the property has all the character the highly regarded Launceston streetscape is so widely renowned for. Currently leased to one of Launceston best known architectural firms, they are a highly regarded and much sought after business within their field right across Tasmania. Leased for 7 years from 21st September 2017 with a further 5 year option, in addition to their net rental the tenant pays all outgoings Rates, Tas Water, Land Tax and Body Corporate Levies under the lease agreement. This is a fantastic opportunity to secure a centrally located tenanted investment property on one of Launcestons main commercial streets. Leased to a very well known tenant, beautifully finished and presented and with 2 car parking spaces.

Please note the opportunity exists to purchase both this property and Level 1a, 10 14 Paterson Street, Launceston together. That property is also leased and also currently available for sale.

Property Highlights

Property ID2014489767
Date Sold16 Sep 2019
Floor Area489 m²
Land Area526 m²
ParkingAsk Agent
Building TypePartial building
Last updated  3 May 2019
Map for Level 1/10-14 Paterson Street Launceston TAS 7250
Harrison Humphreys
48 Brisbane St Launceston TAS 7250

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