151-155 Brisbane Street,
Launceston, TAS 7250
Shops & Retail
Price information
Sold
$1,300,000
Key property information
Land area
Floor area
Zoning
Sold on
Shepherd & Heap Pty Ltd - LAUNCESTON
49 Cameron StreetLAUNCESTON, TAS 7250
151-155 Brisbane Street
Launceston, TAS 7250
Map of 151-155 Brisbane Street
Immaculate Fully Leased CBD Corner Investment
Shepherd & Heap Commercial is delighted to offer for sale to open market 151-155 Brisbane Street Launceston, a superior corner CBD freehold investment opportunity.
This property is uniquely positioned on the Brisbane Street and Kingsway junction only 80 metres from The Mall, Launceston's premier retail precinct. Retail giants Target and Country Road are directly across the street, whilst Village Cinema's, KFC and Subway are all just a few doors along, all generating immense vehicular numbers and quality footfall past the property.
- A very well maintained, solid brick and concrete building
- Spread risk with two tenants
- Under rented - offers strong rental growth going forward
- Fixed annual compounding rent increases
- Secure long term leases in place
- Embellish: 5 year 4 mth lease plus 5 year Option to 2029
- Cafe: 6 year 6mth lease to August 2024
- $71,472pa net rental
$1,385,000
For further details please call Ian Singline or Blake Shepherd
This property is uniquely positioned on the Brisbane Street and Kingsway junction only 80 metres from The Mall, Launceston's premier retail precinct. Retail giants Target and Country Road are directly across the street, whilst Village Cinema's, KFC and Subway are all just a few doors along, all generating immense vehicular numbers and quality footfall past the property.
- A very well maintained, solid brick and concrete building
- Spread risk with two tenants
- Under rented - offers strong rental growth going forward
- Fixed annual compounding rent increases
- Secure long term leases in place
- Embellish: 5 year 4 mth lease plus 5 year Option to 2029
- Cafe: 6 year 6mth lease to August 2024
- $71,472pa net rental
$1,385,000
For further details please call Ian Singline or Blake Shepherd
Property ID: 504050023Last Updated: 8 Sep 2022
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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