• Ben Humphreys
  • Harrison Humphreys - Launceston

For Sale

$647,000.00 ex any GST

LEVEL 1A / 10-14 Paterson Street, Launceston, TAS 7250

  • Offices

Last updated: 12th October 2019

Listing ID: 3986

  • 253.0m2 Floor area
  • 266.0m2 Land area

Central, Leased, Beautifully Appointed and a Net Yield of 8.3%

Currently leased to Rare Innovation Pty Ltd, a group of professional engineers, planners and technicians who work across Australia for a 3 year and 9 month term. Fronting Paterson Street and accessed from the ground floor by lift, the property is light filled, architecturally designed internally and air-conditioned making for an excellent work environment. Externally the property retains the character features Launceston streetscape is renowned for. Leased to 3rd July 2021 with a further 5 year option, in addition to their net rental the tenant is responsible for Rates, Tas Water and Land Tax. Currently returning a net yield after statutory charges of a little over 8.3% this is a great chance to secure a centrally located, tenanted investment property on one of Launceston’s main commercial streets with the added advantage of a car parking space included.

WalkScore®

This property is a walker's paradise with daily errands not requiring a car. Great for getting chores done over lunchtime. Seek out the lunch and coffee options close by. Tagline

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  • Ben Humphreys
  • Harrison Humphreys - Launceston