Positioned within the heart of Launceston’s CBD, this well-presented strata investment offers secure holding income, a strong lease profile and an affordable entry into the commercial investment market.
Situated within the popular Yorktown Square precinct, the property is leased to the operators of Mekong Vietnamese Restaurant under a lease incorporating annual CPI increases and further option terms.
The tenancy comprises approximately 100 sqm of well-configured hospitality accommodation including a dining area, service counter and commercial kitchen, with existing hospitality infrastructure providing long-term operational appeal.
Located amongst a vibrant mix of retail, hospitality and commercial businesses, the property benefits from excellent accessibility, with convenient hourly customer parking available within the Yorktown Square complex.
With commercial investments at this price point becoming increasingly difficult to secure, this property presents an excellent opportunity to acquire a quality CBD asset with immediate holding income and long-term investment appeal.
- Established restaurant premises with functional commercial kitchen
- Existing grease trap connection servicing the tenancy
- Positioned within the heart of Launceston's CBD
- Located within the popular Yorktown Square retail and hospitality precinct
- Surrounded by a diverse mix of retail, food and commercial businesses
- Convenient hourly customer parking available within Yorktown Square
- Net income of approximately $34,000 pa* plus GST and outgoings
- Tenant responsible for council rates, water rates and body corporate outgoings
- Affordable commercial investment with broad private investor appeal
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
