11 High Street Launceston TAS 7250

Shepherd & Heap Commercial on behalf of its client Bourke Properties Pty Ltd is proud to offer for sale ?QV Tower and Clarence House, a generational East Launceston land holding with unprecedented development upside.

The offering comprises the 9 level QV Tower, the 7 level Clarence House, plus ?the 3 level original nurses qua?rters building ?and the Clarence Street car park. Total building area is approximately 11,546m2 comprised in one impressive 1.14Ha freehold title.

The site was previously Government owned and operat?ed as Launceston's maternity hospital ?until 1995 when the Queen Victoria Maternity unit was transferred to the ?new Launceston General Hospital. Bourke Properties has carried out extensive refurbishment to suit allied health and office type applications and due to retirement offer this unique asset now to the open market for the next stage of life.

Land area - one title comprising 1.14ha
Building area 11,546m2 across three main buildings
Desirable 'Urban Mixed Use' zoning overlay
76 external marked car spaces
Architectural concept plans for residential redevelopment
Covid-safe state with strong political leadership
Current holding income from QV Tower of $478,000p.a with significant ability to increase
Further income potential from Clarence House and Old Nursing Quarters

Against the background, Shepherd & Heap has every confidence in recommending 11 High Street as an exceptional offering that has all the qualities of a landmark re-development opportunity.

For further details please call Blake Shepherd or Ian Singline