There is an abundance of development activity taking place right across Tasmania at the current time. Launceston has been a major focus with various high value projects being completed and in the pipeline across the education, tourism, office and retail sectors.
This is a rare opportunity to purchase two adjoining properties right in the heart of the Launceston CBD with a combined site area of approximately 1,700m2. This footprint has a prominent 34m frontage to York Street and backs onto the Tatler Arcade development which is currently in progress.
122 York Street has traded as a hotel under various names since its construction by Boags Brewery in the 1960s. The property benefits from its solid brick wall and concrete floor construction giving it a strong base for redevelopment over its three levels. Total building size is approximately 900m2 and is being sold with vacant possession.
124-126 York Street is currently operating as a high turnover public car park with a total of 45 spaces. The car park has recently undergone a full upgrade, including drainage, lighting, power, CCTV, resurfacing and the implementation of fully automated parking equipment. In addition, the provision of food van parking was incorporated. The current owner has the ability to provide management of the site to continue operation as a public car park by mutual agreement. Total land size is 1252m2 providing a huge scope of possibilities.
-Outstanding development site rarely seen on market
-Total combined land 1,700m2 approx.
-122 York St building 900m2 approx.
-Zoning 22.0 Central Business
-Central location 60m from the Brisbane St Mall
-Buy one or buy both!
To learn more please contact Andy at Howell Property Group.