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Lot 2/59-67 Bathurst Street Launceston TAS 7250

  • Showrooms / Bulky Goods
  • 2,315 m²
  • For Sale, For Sale by EOI Offer

Premier Retail Showroom Investment Property - Part Leased to Petbarn - Part Vacant to Occupy

An impressive freehold sale offering Lot 2 59-67 Bathurst Street is arguably Launceston's best located retail showroom property and an outstanding investment opportunity - Tenancy 1 with vacant possession and Tenancy 2 leased to Petbarn, the national pet foods retailing group.

A commanding corner position just two blocks from the CBD, 59-67 Bathurst Street has a huge 69 space car park for the complex with superb profile and high visibility to the Bathurst Street city inbound traffic and also draws on the outbound traffic along Wellington Street which is less than 100 metres away. A strong business locale it has Coles, Dan Murphys, Fantastic
Furniture, Godfreys BWS, Burson, Shell and other drawcards all within a 500 metre radius.

Other features of the property include:

Tenancy 1
- Nearly 1000 sq metre main showroom
- Extensive shopfront to both Bathurst & Frederick Streets
- Fully air conditioned
- Rear delivery access off Elizabeth Street

Tenancy 2
- Secure lease to Petbarn; Australasia's largest pet supplies brand
- 15 year lease, further 5+5 year options up to September 2032
- Modern showroom tenancy of approx. 1084 sq metres
- Rear access for deliveries from Elizabeth Street

Lot 2 with the two tenancies is offered for sale as a single title in one line. Potential rent income is estimated at approx $475K p.a net on a fully leased basis.

For further details and pricing on this exciting opportunity call Ian Singline

Property Highlights

Property ID2015547324
Floor Area2,315 m²
Land Area2,315 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  2 Apr 2020
Map for Lot 2/59-67 Bathurst Street Launceston TAS 7250
Map for Lot 2/59-67 Bathurst Street Launceston TAS 7250Lot 2/59-67 Bathurst Street Launceston TAS 7250
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Shepherd & Heap Estate Agents
49 Cameron Street Launceston TAS 7250

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