EXA house is a three-storey heritage building located on Paterson Street, Launceston that was refurbished by ARTAS Architects in 2015.
The former home of the Examiner newspaper, who had occupied the building for over 160 years, was redeveloped to include a redesign of the sites main entrance and a new lift to service the three floors.
Situated on the ground floor, Lot 2 is one of Exa House‘s marquee tenancies, with 381m2 of modern office space leased to respected local law firm Clark and Gee on a 5 + 5 + 5 lease, with initial term expiring Jan 2023.
Property is strata titled with tenants enjoying the full benefit of common ablutions and kitchen facilities with 2 private parking spaces also included in sale.
At current passing rent this investment offers a sound return exceeding 5% but with market rent review due Jan 2023 there is plenty of upside to be had for shrewd investors.
- Great city location, less than 200m from Brisbane St Mall
- Ground floor tenancy
- Common toilet and kitchen facilities
- 2 car spaces attached to title
- Quality, professional tenant
- Ducted air conditioning / heat
- DDA compliant facilities
- Rent review due Jan 2023
- Professional neighbouring tenants including Artas Architects & Mouthworks
- Blue Ocean Gigabit NBN
- Passing rent circa $75k p.a.
Land Tax: $2,957
Council Rates: $6,431
Tas Water: $2,500
Body Corporate: $8,072
To learn more about this property, contact Andy or Ben at Howell Property Group.
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.