A fully leased, Victorian-era retail investment in the heart of Launceston’s CBD. Positioned on one of the city’s highest-traffic streets just a block from the Brisbane Street Mall, 67 George Street offers exceptional street exposure, an iconic period facade, and two quality tenancies generating combined net income of circa $50,000 per annum ex GST.
Both tenancies are well-presented and in good order, meaning an incoming purchaser can expect minimal capital expenditure requirements from day one.
The ground floor is home to The Grain Grocer, a well-regarded and well-patronised independent grocer with a loyal local following, whilst the first floor welcomes Kin Movement, an exciting new wellness and movement studio operating under a freshly executed lease, together forming a complementary mix of established and emerging occupiers.
George Street sits at the heart of Launceston’s most activated retail and hospitality precinct, characterised by an eclectic mix of independent food, wellness and lifestyle operators that draw consistent foot traffic throughout the week.
With tenancies in place and outgoings well managed, a prominent street position, and the enduring appeal of a well-preserved Victorian commercial facade, 67 George Street is the kind of asset that holds its value and its character in equal measure.
- Combined net income circa $50,000p.a. ex GST
- Two tenancies providing income diversity
- All statutory outgoings met by tenants
- Prominent George Street position with high daily foot traffic
- Currently configured as two tenancies with potential to reconfigure as a single occupancy
- Well-presented throughout with quality fit-outs in both tenancies
- Surrounded by established independent retail, hospitality and wellness operators
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.
