112-114 George Street is an outstanding, investment grade, commercial property located in the Launceston CBD - very few opportunities currently on offer in the Tasmanian property market compare in quality. The property was completely redeveloped to a very high standard in 2016 and provides a strong rental income with lucrative tax depreciation benefits. A true 'jewel in the crown' addition to any property portfolio.

NAI Harcourts are pleased to offer this property to the market by expressions of interest with offers invited over $4m and a closing date of 4th April 2019.

- Key property holding in the Launceston CBD
- Offers invited over $4m (circa 7% return)
- 100% leased until 2025 to national tenants Harcourts & Shadforths (IOOF)
- WALE of 6.7 years* (as at Feb 2019) both tenants have 2 x 5 year options
- Approximate net income of $285,508 per annum
- 1264m2 land and 1467m2 building over two levels
- Originally constructed in 1900 and completely redeveloped in 2016 to an A-Grade standard
- Elevator access to the first floor and fully DDA compliant
- Substantial depreciation benefits available to the purchaser
- 20 car spaces at the rear of the property

*Approximate

For more information please contact either Andy Howell or Nick Oliver of NAI Harcourts North. 'Commercial Real Estate Services, Worldwide.'