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111 Wellington Street
Launceston TAS 7250
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Sold on 18 Aug 2023

111 Wellington Street Launceston TAS 7250

  • Hotel, Motel, Pub & Leisure
  • 1,114 m²
  • Sold

Landmark Investment Opportunity - Iconic Pizza Restaurant - Circa 7% Net Yield

    Extremely well located on the busiest arterial out of the city occupied by long standing and iconic business 'The Pizza Pub'. This dominant property features a vast 62m corner frontage with two crossovers servicing drive through pizza pick up and brand new bottle shop.

    Fully refurbished to an immaculate standard
    10+7+7+7+7 Year Lease from December 2022
    Fixed annual increases of 3% with Market Reviews at Option
    Tenant fully responsible for all repairs and maintenance
    8 on site car parking spaces plus drive through
    Net Rent: $160,000pa

    For further details contact Blake Shepherd or Joel Harwood

    Shepherd & Heap Estate Agents
    Shepherd & Heap Estate Agents
    49 Cameron Street
    Launceston, TAS 7250

    Property Highlights

    Date Sold18 Aug 2023
    Floor Area1,114 m²
    Land Area1,236 m²
    Parking8 x Onsite parkings
    Property ID2018507400
    Category
    Last updated  30 Oct 2023
    Map for 111 Wellington Street Launceston TAS 7250
    Shepherd & Heap Estate Agents
    Shepherd & Heap Estate Agents
    49 Cameron Street
    Launceston, TAS 7250

    Property Highlights

    Date Sold18 Aug 2023
    Floor Area1,114 m²
    Land Area1,236 m²
    Parking8 x Onsite parkings
    Property ID2018507400
    Category
    Last updated  30 Oct 2023

    Co-Agents

    Blake Shepherd
    Blake Shepherd
    Shepherd & Heap Estate Agents
    Call
    0417 820 820
    Joel Harwood
    Shepherd & Heap Estate Agents
    Call
    0448 820 820

    More about 111 Wellington Street Launceston TAS 7250

    111 Wellington Street Launceston TAS 7250 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 1,114 m² and a land area of 1,236 m². There are 8 x onsite parkings.The listing ID for this property is 2018507400.

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