Entry Level Passive Investment Rare Cbd Site For Sale O/o $289,000 Tenanted Investment Only
1 / 88 Elizabeth Street, Launceston, Tasmania 7250
offers over $289,000
Key Features
AI generated. Contact seller to confirm.
- Entry level passive investment opportunity
- Rare CBD site in Launceston city block
- Tenanted investment only, reliable long-term tenant
- Ground level retail/office 60 sq/m
- Whole building modernised and services renewed 2014/15
- Marketing price offers over $289,000
- Turnover: Not disclosed
- Net Profit: Not disclosed
- Rent/Lease: $17,400 per annum (exc GST) plus outgoings
- Stock Value: Not disclosed
- Established: Original 1880; redeveloped 2014/15
Business Details
Business Category
Exclusive opportunity to gain an entry into one of Launceston's actively developing and growing, yet tightly held city blocks.
The original 1880 terrace building was fully re-developed in 2014/15 resulting in a strata titled offering comprising a separate residential apartment upstairs, and this well-appointed ground level retail/office space comprising 60 sq/m for sale.
Whole building was completely rewired and replumbed in 2014/15, and a new kitchen and bathroom were added to the property.
Current owner originally had the space carpeted and in recent times replaced the reverse cycle air conditioner, meaning that there is absolutely nothing to spend.
Currently leased to a well-established local business and ultra reliable tenant, Art Stretchers Tasmania, for $17,400 (exc GST) per annum plus outgoings.
Offered to the market at offers over $289,000 as tenanted investment.
Contact Paul Scott on email XXXXXXXXXX Praveen Pant XXXXXXXXXX INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. Please Note: All figures quoted are approximate, some photos are generic
The original 1880 terrace building was fully re-developed in 2014/15 resulting in a strata titled offering comprising a separate residential apartment upstairs, and this well-appointed ground level retail/office space comprising 60 sq/m for sale.
Whole building was completely rewired and replumbed in 2014/15, and a new kitchen and bathroom were added to the property.
Current owner originally had the space carpeted and in recent times replaced the reverse cycle air conditioner, meaning that there is absolutely nothing to spend.
Currently leased to a well-established local business and ultra reliable tenant, Art Stretchers Tasmania, for $17,400 (exc GST) per annum plus outgoings.
Offered to the market at offers over $289,000 as tenanted investment.
Contact Paul Scott on email XXXXXXXXXX Praveen Pant XXXXXXXXXX INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. Please Note: All figures quoted are approximate, some photos are generic
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