Harrison Agents is excited to offer to market this charming, renovated property located at 185 - 185A Charles Street, Launceston. Situated in a highly sought after, vibrant and central part of the city, this property provides an outstanding investment opportunity with numerous attractive features.
Currently leased until July 2029 with a further 2 x 5 year options, this property offers a stable income stream with a long-term tenant. Insparations are a trusted and established business, which has been successfully operating in this space for a long period of time, showcasing their commitment and confidence in the location.
The tenant is responsible for all outgoings, including municipal rates, state government land tax, Taswater rates and strata. This beautifully upgraded building blends historical charm with modern amenities, offering a well-maintained investment with immense exposure to a high volume of car & foot traffic, this property ensures maximum visibility for your investment. Surrounding this prime location are a host of reputable and quality neighbouring businesses, further enhancing the appeal and potential success of your investment.
Land Size: 250 sqm
Building Size: 298 sqm
Lease Term: Initial term expires 31/07/2029, with 2 x 5-year renewal options
Rent Review: Annual CPI Increase with Market Review at Option
To obtain an information memorandum or to arrange a viewing, please contact Jackie Green on 0472 828 124
