175-177 Charles Street,
Launceston, TAS 7250
Offices • Shops & Retail
Price information
Sale
Private Treaty - Offers in Excess of $1.7m
Key property information
Floor area
Tenure type
Private inspections
to arrange a private inspection.
Map of 175-177 Charles Street
Bus stops within 5 km of 175-177 Charles Street, Launceston, TAS 7250 Distance Opposite 150 York St 55 m 79 York St 68 m St John St 96 m Brisbane St Near Kingsway 132 m Princes Square 140 m POWERED BY HERE ©
POWERED BY HERE ©
Fully Leased, Heritage CBD Investment
- 100% leased to premium tenants
- Net return of $108,706* pa
- Busy Charles Street retail precinct
We proudly offer for sale, 175-177 Charles Street, a fully leased heritage CBD investment, located on one of Launceston’s busiest intersections.
The ground floor retail area is leased to RB Sellars with a net income of approx. $65,000 pa + GST, to 15 October 2026 with a further 3 year tenant option. The tenancy is due for a 4% fixed increase in October 2024.
The first floor office space is leased to Petuna Aquaculture with a net income of approx. $43,706 pa + GST, to 31 October 2026 with a further 3 year tenant option. The tenancy is due for a CPI increase in October 2024.
Combined, the property returns a net income of $108,706 pa* with rental increases due in October 2024 for both tenancies.
Surrounding major retail brands located on Charles Street include Country Road, Target, Chemist Warehouse, Harris Scarfe, Gazman, Bonds, Portmans and Jeans West.
The ground floor retail area is leased to RB Sellars with a net income of approx. $65,000 pa + GST, to 15 October 2026 with a further 3 year tenant option. The tenancy is due for a 4% fixed increase in October 2024.
The first floor office space is leased to Petuna Aquaculture with a net income of approx. $43,706 pa + GST, to 31 October 2026 with a further 3 year tenant option. The tenancy is due for a CPI increase in October 2024.
Combined, the property returns a net income of $108,706 pa* with rental increases due in October 2024 for both tenancies.
Surrounding major retail brands located on Charles Street include Country Road, Target, Chemist Warehouse, Harris Scarfe, Gazman, Bonds, Portmans and Jeans West.
Property ID: 504574572Last Updated: 23 Sep 2024
175-177 Charles Street
Launceston, TAS 7250
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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