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Elders Real Estate - Launceston

58-60 Paterson Street Launceston, TAS 7250

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58-60 Paterson Street,
Launceston, TAS 7250

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Offers Over $1,525,000

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Elders Real Estate - Launceston
David Webster
Cale Ayres

Elders Real Estate - Launceston

54 Cameron Street
LAUNCESTON, TAS 7250
Elders Real Estate - Launceston
58-60 Paterson Street
Launceston, TAS 7250

Map of 58-60 Paterson Street

Directions
  • Bus stops within 5 km of 58-60 Paterson Street, Launceston, TAS 7250Distance
    The Charles77 m
    Paterson St166 m
    Brisbane St Near Kingsway186 m
    City Stop D205 m
    City Terminus221 m
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Unlock an Exclusive Opportunity for Commercial Transformation

  • "Blank-canvass" ready for re-development
  • Flexible Urban Mixed Use Zoning
  • $53,913 p.a. net in holding income
Holding a dominant position fronting Paterson Street directly opposite the Examiner building and Paterson Street West multi-level carpark, the property is easily identified as the Hertz Building.
A definitive "blank canvass", the property has a land area of some 746 sqm* and two levels of floor-space of 700 sqm* each.
Concept redevelopment has ground level secure parking; a ground floor tenancy of 250 sqm* and first floor tenancy area of 700 sqm*.

Currently operating as a car rental depot, the property generates $53,913 p.a.* in holding income from a national tenant on a month-to-month basis.

The property has significant history without Heritage Listing, and therefore appears to have outstanding scope for re-development for a plethora of future uses, such as:
- Professional offices.
- Showroom and offices
- residential conversion to upper level
- Sport and recreation
- Casual parking facility.

Zoning is "Urban Mixed Use" under the Tasmanian Planning Scheme - Launceston Provisions.

*Approx

Property ID: 504731224Last Updated: 12 Nov 2024

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