» »
Prime Investment Launceston CBD

112-114 George Street, LAUNCESTON TAS, 7250

Sold

Property Sold in 112-114 George Street, LAUNCESTON TAS, 7250

Listing ID:
11337192
Status:
Sold
Price:
Offers Over $4 Million
Last Updated:
03/06/2019
Icon building

Property Type

Offices
Icon square

Land Area

1264 SQM
Icon size

Floor Area

1467 SQM
Icon parking

Parking

N/A

Prime Investment Launceston CBD

112-114 George Street is an outstanding, investment grade, commercial property located in the Launceston CBD - very few opportunities currently on offer in the Tasmanian property market compare in quality. The property was completely redeveloped to a very high standard in 2016 and provides a strong rental income with lucrative tax depreciation benefits. A true 'jewel in the crown' addition to any property portfolio.

NAI Harcourts are pleased to offer this property to the market by expressions of interest with offers invited over $4m and a closing date of 4th April 2019.

- Key property holding in the Launceston CBD
- Offers invited over $4m (circa 7% return)
- 100% leased until 2025 to national tenants Harcourts & Shadforths (IOOF)
- WALE of 6.7 years* (as at Feb 2019) both tenants have 2 x 5 year options
- Approximate net income of $285,508 per annum
- 1264m2 land and 1467m2 building over two levels
- Originally constructed in 1900 and completely redeveloped in 2016 to an A-Grade standard
- Elevator access to the first floor and fully DDA compliant
- Substantial depreciation benefits available to the purchaser
- 20 car spaces at the rear of the property

*Approximate

For more information please contact either Andy Howell or Nick Oliver of NAI Harcourts North. 'Commercial Real Estate Services, Worldwide.'

For more details, please email agent

NAI Harcourts Launceston

114 George Street, Launceston, TAS 7250


More properties from NAI Harcourts Launceston
For Lease
Shop 2 1-4 Club Drive, SHEARWATER TAS, 7307

Shop 2 1-4 Club D...

OfficesRetail
For Sale
19 Agnes Street, ROSEBERY TAS, 7470

19 Agnes Street, ...

Retail
For Lease
25 Alexandra Road, ULVERSTONE TAS, 7315

25 Alexandra Road...

OfficesRetail
For Lease
85 Main Road, PENGUIN TAS, 7316

85 Main Road, PEN...

Retail
For Lease
12 Reeves Street, BURNIE TAS, 7320

12 Reeves Street,...

Offices
For Lease
Shop 2/2 Trotters Lane, PROSPECT TAS, 7250

Shop 2/2 Trotters...

RetailOffices
More properties from Launceston
Leased
25 Quadrant Mall, LAUNCESTON TAS, 7250

25 Quadrant Mall,...

Retail
For Lease
Ground External Shop 16/25-31 Wellington Street, LAUNCESTON TAS, 7250

Ground External S...

Offices
For Lease
253 Wellington Street, LAUNCESTON TAS, 7250

253 Wellington St...

Retail
For Lease
Level 1/59  Paterson Street, LAUNCESTON TAS, 7250

Level 1/59 Pater...

Offices
Leased
7/2 Innocent Street, LAUNCESTON TAS, 7250

7/2 Innocent Stre...

Retail
Leased
Level 2/87 St John Street, LAUNCESTON TAS, 7250

Level 2/87 St Joh...

Offices
Loading...