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Suburban Retailing and offices complex. Maximum profile l...

401, 403-405 West Tamar Highway, RIVERSIDE TAS, 7250

Sold

Property Sold in 401, 403-405 West Tamar Highway, RIVERSIDE TAS, 7250

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250

Listing ID:
11347604
Status:
Sold
Price:
Offers over $1,400,000
Last Updated:
06/07/2020
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Property Type

Retail
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Land Area

2663 SQM
Icon size

Floor Area

1400 SQM
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Parking

N/A

Suburban Retailing and offices complex. Maximum profile location

Locally known as "Joe's Takeaway Corner" this highly recognizable, highway frontage property complex, at Riverside holds what is arguably one of the foremost corner positions in greater Launceston.
The complex covers a gross land area of 2,663 sqm*, over three titles and sits at the corner of West Tamar Highway and Ecclestone Road, directly opposite Riverside Hotel and BWS.

Leased to multiple tenants, the complex delivers an approximate net rental of $109,500.

Major retail tenants include, "Joe's Takeaway and Supermarket" which has operated from the complex since 1992, and "Rhubarb For Gifts", which has expanded to two stores in Launceston. Similarly, the complex has a Hair Salon, a Beauty Parlour and a beauty products retailer.

Major office tenant is "Care Assess", a Tasmania based health and care agency. "Care Assess" occupies part of the ground level and part of the first floor.

The complex also provides a residential apartment; plus, valuable and extensive "on-site" car-parking.

The property has been tightly held by one family and this is the first time it has been offered for sale in 25 years.

An opportunity to acquire an income creating investment facing one of the three busiest arterial highways in Northern Tasmania.

*Approx

For more details, please email agent

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250


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