34 Paterson Street Launceston TAS 7250

Shepherd & Heap Commercial is proud to offer for sale this highly coveted, multifaceted, central land holding that is steeped in history but offers unprecedented development upside.

Offered to the market for the very first time, 34 Paterson Street comprises three main buildings forming the Church (c. 1868), Hall (c. 1836) and Wesley Chambers (c. 1839) forming the Uniting Church collection. The property presents extremely well for conversion/commercial re-adaptation for a variety of applications lending itself to the owner occupier sector or indeed more intensive mixed use developments.

Highly attractive and important buildings, 3 street fronting and 2 internal with clear strata subdivision potential s.t.c.a total gross floor area approx. 1,791m2
Large building envelopes with vast ceiling heights
Well maintained asset
Attractive 'Urban Mixed Use' zoning overlay
Potential for passive income from multiple professional tenants (Wesley Chambers)
Impressive Paterson Street frontage of 68m
Located within an extremely central prime city corridor
Immense upside being directly opposite proposed 190 room, 5 star hotel reported to inject $200+ million into the local economy during construction (will be Launceston's only 5 star hotel)
Currently housing 13 car parking spaces with scope for additional
Enormous 2,673m2 land holding in the heart of the CBD across 7 titles