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88 Macquarie Street
George Town TAS 7253
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Sold on 18 Jul 2024

88 Macquarie Street George Town TAS 7253

  • Development / Land
  • 1,254 m²
  • Sold

Key George Town commercial site with A-grade tenant

    Located on the corner of Macquarie & Sorell Sts, in the center of George Town's business precinct this property is a fantastic entry level commercial investment and underpinned by existing lease to long term tenant Commonwealth Bank.

    This high exposure corner site also holds great potential for future development (STCA) with existing buildings only taking up 280m2 of a total lot size of 1,254m2.
    The George Town municipality has been a hive of activity over the past several years from the development of over 100km of tourism aligned mountain bike trails through to talks of massive private and government investment in green energy projects in Bell Bay. There has also been a substantial uptick in residential development seen in the township to support its growing population.

    This property a fantastic opportunity to invest in this growing location, with the benefit of sound holding income.

    - Prime location in main commercial strip
    - High profile corner site
    - Leased to Commonwealth Bank
    - Annual net rent $30,330
    - 700m2 of balance land at rear of property
    - Zoned 15.0 General Business

    For more information on this property please contact Andy or Ben at Howell Property Group.

    Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.

    Howell Property Group
    Howell Property Group
    Level 2 / 97a York Street
    Launceston, TAS 7250

    Property Highlights

    Date Sold18 Jul 2024
    Floor Area185 m²
    Land Area1,254 m²
    ParkingAsk Agent
    Property ID2019073942
    Category
    Last updated  18 Jul 2024
    Map for 88 Macquarie Street George Town TAS 7253
    Howell Property Group
    Howell Property Group
    Level 2 / 97a York Street
    Launceston, TAS 7250

    Property Highlights

    Date Sold18 Jul 2024
    Floor Area185 m²
    Land Area1,254 m²
    ParkingAsk Agent
    Property ID2019073942
    Category
    Last updated  18 Jul 2024

    Co-Agents

    Ben Galvin
    Howell Property Group
    Call
    0484 501 411
    Andy Howell
    Howell Property Group
    Call
    0419 122 683

    More about 88 Macquarie Street George Town TAS 7253

    88 Macquarie Street George Town TAS 7253 is categorized as Land & Development Property. It has a floor area of 185 m² and a land area of 1,254 m². The listing ID for this property is 2019073942.

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