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Level 1a/10-14 Paterson Street, Launceston TAS 7250

  • Offices
  • Floor Size253 m²
  • PriceFor Sale, $647,000.00 ex any GST

Central, Leased, Beautifully Appointed and a Net Yield of 8.3%

Currently leased to Rare Innovation Pty Ltd, a group of professional engineers, planners and technicians who work across Australia for a 3 year and 9 month term, there are approximately 2 years and 4 months remaining on the current term. Fronting Paterson Street and accessed from the ground floor by lift, the property is light filled, architecturally designed internally and air-conditioned making for an excellent work environment. Externally the property retains the character features Launceston streetscape is renowned for. Leased to 3rd July 2021 with a further 5 year option, in addition to their net rental the tenant is responsible for Rates, Tas Water and Land Tax. Currently returning a net yield after statutory charges of a little over 8.3% this is a great chance to secure a centrally located, tenanted investment property on one of Launcestons main commercial streets with the added advantage of a car parking space included.

Property Highlights

Property ID2014489768
Floor Area253 m²
Land Area266 m²
ParkingAsk Agent
Building TypePartial building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  3 May 2019
Map for Level 1a/10-14 Paterson Street, Launceston TAS 7250
Harrison Humphreys
48 Brisbane St Launceston TAS 7250

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