Are you in the market for a set and forget commercial investment? If the answer is yes, 67 George Street is a property that you should be looking at! The sub $1m investment market in Launceston right now is red hot, this is an opportunity not to be missed.
Situated just over a block from the Brisbane Street Mall in a high foot traffic area, 67 George Street is a valuable asset to the tenants that call it home. Both tenants have new long-term leases in place and both also have high quality fit outs that are less than twelve months old.
Multi tenanted properties with strong long-term tenants in the CBD are becoming increasingly hard to find. If you are looking for a commercial investment in the Launceston CBD, this one ticks all the boxes!
-Fully tenanted investment with long term leases in place
-Grain Grocer: 3 Years with 2 x 3 year options
-Ujjayi Yoga: 4 Years with 1 x 4 year option
-Current net annual rent $45,327.27 ex GST
-Prominent high traffic position on George Street
-Building: 216m2 approx. across two floors
-Zoning ‘Central Business’ (22.0)
-Both tenants have new high quality fit outs
-Reverse cycle air conditioning
-Well-presented commercial property maintained to a high standard
Outgoings: (previous financial year)
Land Tax: $1,298.50
Council Rates: $5,470.55
To learn more about this property, contact Andy at Howell Property Group.