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Dual Income Opportunity

111 High Street, CAMPBELL TOWN TAS, 7210

Sold

Property Sold in 111 High Street, CAMPBELL TOWN TAS, 7210

Listing ID:
11334540
Status:
Sold
Price:
$290,000 Plus GST (if any)
Last Updated:
12/06/2019
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Property Type

Offices/Retail
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Land Area

756 SQM
Icon size

Floor Area

195 SQM
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Parking

N/A

Dual Income Opportunity

Renovated heritage residence with dual income streams. Situated along High Street in the bustling Northern Midlands township of Campbell Town; this property is ideal for the savvy investor. Options are the following:
1: Enjoy the income from the long-term tenant in the impressive retail/office space. The current lease required is on a 2+2 years lease (CPI indexed).
2: Added income from two bedroom studio apartment. Currently leased for $250 per week, on a long-term lease agreement. The easily maintained residence consists of 2 double bedrooms; a small kitchen adjoining the dining area; a large family room; study and renovated bathroom with separate shower and toilet. There is even a sunny little courtyard for your morning coffee or BBQ.
Access to the residence is separate to the retail area; down a driveway and into the rear of the property where there is a large back yard waiting to be transformed.
Despite being on the main road the residence is private and quiet.
Separate off-street parking is available for both the commercial and residential tenant.
The original part of the property dates from the 1860's but is not listed as a historical building, which has allowed modernization and improvements to take place.
Campbell Town was established in the 1820s and was originally one of the four garrison towns linking Hobart and Launceston. It's the main retail centre for much of the southern part of the Northern Midlands with more than 2 million vehicles per annum crossing the famous Red Bridge which spans the tranquil Elizabeth River. Despite being less than 1 hour from Launceston it has a personality of its own with locals and newcomers opening eateries, galleries, antique shops and boutiques. There is a high school, swimming pool, library, health and community centre. It has an abundance of colonial history and boasts the oldest Agricultural Show which has run continuously since 1838.
There are rarely properties that come to market with built in dual income streams. Sit back and enjoy the returns on investment. Contact us today to arrange an inspection of this unique property.
Currently Leased:
Retail Space: From 1st January 2018 - 2 year +further 2 year option (CPI indexed).
Studio Apartment: From December 2018 to December 2019 (12 Months).
Year Built: 1860
Land Size: 0.756 sqm (0.186 acre) approx.
Building Size: 195m2 (20 squares) approx.
Zoning: General Business/Partial General Residential.
Council: Northern Midlands Council.
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

For more information please contact Andy Howell of NAI Harocurts North. 'Commercial Real Estate Services, Worldwide.'

For more details, please email agent

NAI Harcourts Launceston

114 George Street, Launceston, TAS 7250


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