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Whole Building/54-56 Wellington Street, Launceston TAS 7250

  • Retail
  • Floor Size325 m²
  • PriceFor Sale, Contact Agent

Prime Commercial Site + 2 Residential apartments

Fronting onto one of Launcestons busiest streets, Wellington Street, this property has been home to one of Launcestons oldest and best known restaurants, the Calabrisella, which has operated from this site for circa 40 years.

Two residential apartments upstairs with a solid rental history, provide great additional income of circa $21,000 gross.

The ground floor can continue to be operated as a restaurant either by an owner occupier, or the current owner is prepared to remain under a lease for up to a year while other alternatives are pursued by a new owner.

Iconic restaurant with ground floor area of 185 sqm
2 x residential apartments generating $21,000 p.a
Rear access provides off-street parking for up to 3 vehicles
Alternate use opportunities
Highly visible site in one of Launcestons busiest streets

Due to the pending retirement of the current owners, this property inclusive of the business is now offered for sale for the first time.

Asking for offers over $795,000 for property including the restaurant business and assets.

What a great opportunity!

Property Highlights

Property ID2014900549
Floor Area325 m²
Land Area272 m²
Parking3 x Onsite parkings
Annual ReturnAsk Agent
Last updated  10 May 2019
Map for Whole Building/54-56 Wellington Street, Launceston TAS 7250
Knight Frank Launceston
54 Cameron Street Launceston TAS 7250

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