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Freehold Investment with Fixed Rent Reviews

Unit 8/70 Charles Street, LAUNCESTON TAS, 7250

Sold

Property Sold in Unit 8/70 Charles Street, LAUNCESTON TAS, 7250

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250

Listing ID:
11361106
Status:
Sold
Price:
For Sale - $585,000
Last Updated:
02/12/2019
Icon building

Property Type

Retail
Icon square

Land Area

N/A
Icon size

Floor Area

48 SQM
Icon parking

Parking

N/A

Freehold Investment with Fixed Rent Reviews

An appealing Freehold Investment Opportunity, occupied by one of Launceston's finest sushi bars and located in the strong Charles Street retail strip.

This ideal strata titles retail shop is well positioned on Charles Street, opposite the iconic Star Bar Hotel, close to Target and within half a block of the Brisbane Street Mall.

The shop provides a retail strata title of approx. 48 sqm and comprises both retail space with food preparation at the rear.

The fit-out provides a sharp but simplistic retail, with the current business of "Sushi To Go" being a well established food business in Launceston.

The property is secured by a lease of an initial term of 5 Years with 2 further terms of 5 Years. The Lessee is responsible for all outgoings (Statutory & Body Corp) making this a very appealing Net Rental.

The investment represents an attractive investment opportunity in our current low interest rate environment.

For more details, please email agent

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250


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