2 / 42 Brisbane Street is an exciting opportunity for investors currently looking to purchase in the Launceston commercial property market. The property is fully tenanted with ground floor ‘Joes Place For Hair’ having been in the building since 1980 and the upstairs health professionals commencing their lease 15 years ago.
Situated just over a block from the Brisbane Street Mall in a high foot traffic area, 42 Brisbane Street has been a valuable asset to the tenants that call it home. It would be fair to say that if the property became vacant in the future it would be relatively easy to lease.
Multi tenanted properties with strong long-term tenants in the CBD are becoming increasingly hard to find. This property presents very well, with a new roof amongst other renovation works conducted in the recent years. If you are looking for a long-term investment in the Launceston CBD, this one ticks all the boxes!
-Fully tenanted investment with long term tenants
-Total net rental of $46,981 ex GST
-Prominent high traffic position on Brisbane Street
-Building: 301m2 approx.
-Land: 227m2 approx.
-Zoning ‘Urban Mixed Use’ (15.0)
-Two car spaces on title
-Reverse cycle air conditioning
-Well-presented commercial property maintained to a high standard
Outgoings: (previous financial year)
Land Tax: $1,826.50
Council Rates: $2,948.68
To learn more about this property, contact Andy at Howell Property Group.