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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

    Ian Singline
    Shepherd & Heap Estate Agents
    Ian Singline
    Shepherd & Heap Estate Agents

    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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    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Ian Singline
    Shepherd & Heap Estate Agents
    Ian Singline
    Shepherd & Heap Estate Agents

    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
    Shepherd & Heap Estate Agents
    49 Cameron Street Launceston TAS 7250
    Ian Singline
    Shepherd & Heap Estate Agents
    Ian Singline
    Shepherd & Heap Estate Agents

    Ask Ian Singline about this property

    Ian Singline

    Ian Singline

    Shepherd & Heap Estate Agents

    0419 *** ***
    0419 820 820

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