Situated prominently on the corner of Punchbowl Road and a new residential subdivision, this extensively renovated property would be a great addition to your commercial portfolio or a foundation stone if you are just starting. With next to no maintenance needed in the long term, the property has undergone a complete overhaul in the last 2 years even the café front windows have been replaced! You're picking up a set and forget style investment.

Meeting current requirements to operate as a food outlet, the zoning is "local business". There is a grease trap fitted, accessible toilet, disabled access, new mains and internal power. The home has been re-plastered, reverse cycle A/C installed, new kitchen and bathroom. Extensive exterior works including landscaping and the outdoor decking space for the café.

The café occupying the corner site is well fitted, neat and tidy and will be the local for all the surrounding residences and the nearby Punchbowl reserve. There is no real competitor in this area/ suburb. The Café is covered by a lease until 2023 with further 5 year options and the beautifully renovated house is returning $300+ pw. Full disclosure to serious buyers.
In addition to the current residential and commercial uses the current owners have researched the ability (STCA) to develop the excess land at the rear of the property for an additional income stream

All together this is a must consider for small SMSF purchasers and investors alike looking to take advantage of the growing Launceston market with a turnkey asset. Safety of both residential and commercial property markets with additional development upside.

For more information contact Nick Oliver or David Hernyk.

NAI Harcourts North "Commercial Real Estate Services Worldwide"