Brisbane St Launceston TAS 7250

Expressions closing 26/09/2024, leases to two tenants who have both occupied the property over 30 years and expected to stay long term.
5 year lease to National ASX Listed retail tenant and 5 year option
5 year lease to a dynamic well established successful coffee shop
Income $200,750.00 per annum
Main tenant is a leading retail group with a network of over 600 locations across Australia & New Zealand
Irreplaceable 139sqm of freehold land holding in the Launceston Mall and CBD zone.
Favorable annual CPI reviews, minimal investment, management tenants pay directly into your bank account, sit back relax and watch the rent roll in.
Position Perfect in the Launceston Mall, on the sunny side where more business takes place.
The main shopping precinct of the Launceton CBD is surrounded by leading service offerings and retailers such as Myer, Telstra, Optus, Prouds, NAB Bank, ANZ, Banjo's Bakery, Rivers, RACT Insurance and Cinemas.
Launceston services towns as far as Burnie and Devonport in the North West and down to the Midlands of Tasmania and St Helens on the North East coast and various Islands such as Flinders Island.

Conveniently located only metres from the Paterson St car park, bus stops and the waterfront precinct.
Tasmania is consistently leading the nation in CommSec's State of the States economic report over the past three years and is currently ranked #2 in equipment spending. Agent interest.
The sale may be negotiated and property sold prior to closing date.
All agents welcome to introduce and nominate their client and be paid commission if sold to their client, adjudication is solely at the discretion of Alistaea in the event of a dispute.
Note email inquiries must have phone contact details to receive a reply.
Agent Interest.
For further information call Richard Thomas mobile 0411259956