97C York Street,
Launceston, TAS 7250

Enquiry code for this property: 1471

Since June 2009 this first class investment opportunity has been leased to the Launceston Community Legal Centre (www.lclc.net.au) who have currently extended the lease to June 2018 with the opportunity to extend the lease as required. Current Gross Rental is $20760pa + GST and the rental is increased annually in line with current CPI. Note that outgoings including Body Corporate, Rates, Water and Land Tax for this property for the 2015/2016 financial year were $6460

The Net Return for this property is $14300pa, giving a return of 7.5%

The bright and sunny offices covering a floor area of 228m2 are located on the First Floor and can be easily accessed either by the stairs or the adjacent elevator. All major bus routes, the Mall and the Quadrant Mall are located within a block of these offices. At the entrance to the premise is an open plan reception area and there are eight separate offices, an open area with office equipment, a kitchenette out the back as well as a wheelchair accessible bathroom

City Plaza Strata Corporation, who manage the building, can only be described as professional as the Legal Service renting the property giving complete peace of mind for anyone owning this property

A deposit of 10% will be required to be paid to Clarke and Gee Lawyers who will drawing up the Contract for Sale of Real Estate

Enquiry code for this property: 1471