SOLD

28-30 Brisbane Street, Launceston, TAS 7250

Brisbane Street Holding - Tenanted with Future Potential

This substantial double fronted Brisbane Street property presents a compelling opportunity for Investors and developers alike. Spread across two main levels with some below ground storage and amenities, there is also an attic area above, the property includes undercover car parking for 8 cars. In all there are eight tenancies many air-conditioned and six of which are leased. The property is currently returning a net rental of $80,532 plus GST, moving to $89,912 plus GST on a fully let basis. Including local and interstate office tenants and a Launceston institution- Novaros restaurant on the ground floor. Centrally located and an easy walk to the retail shops and cafes the Launceston CBD offers, this is a terrific opportunity to secure a tenanted investment property but also one with development potential (STCA). With views to the City Park and north past UTas Stadium look to develop the property further down the track as the opportunity arises or continue to hold as a tenanted investment.