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Fully leased, CBD Investment. Long established tenant.

49a Brisbane Street, LAUNCESTON TAS, 7250

For Sale

Property for Sale in 49a Brisbane Street, LAUNCESTON TAS, 7250

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250

Listing ID:
11375442
Status:
Active
For:
Sale
Price:
$690,000 (plus GST if applicable)
Last Updated:
29/05/2020
Icon building

Property Type

Retail
Icon square

Land Area

N/A
Icon size

Floor Area

190 SQM
Icon parking

Parking

N/A

Fully leased, CBD Investment. Long established tenant.

The home of "S.J's City Cash" since 1999, 49A Brisbane Street, Launceston, presents as a valuable investment "vehicle" addition to property portfolios. Fronting one of the busiest sections of Brisbane Street, the property is positioned just doors away from Launceston's famous Princess Theatre and strong traders such as "Spec Savers"; "Minimax"; "Flight Centre", to name a few.

The property is over two levels, with a combined floor area of approximately 160 sqm (retail area and first floor storage) and direct retail access to Brisbane St frontage. The business presents a professional 'face" to the street-scape through it's colourful facade and window displays and that same professionalism flows through to the trading floor.

The investment is fully supported by commercial lease terms, which includes Lessee being responsible for paying statutory outgoings extra to the rent.
Current net rent (before Lessor outgoings) is approximately $44,102.

Definitely a property investment which should be closely considered

For more details, please email agent

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250


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