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Ground Floor at EXA House

1, 2 & 9 / 67 Paterson Street, Launceston
Contact for price For Sale
  • 1047 sq metres

Description

EXA house is a three level 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.

Due to the historic overlay the façade of the original building and the extension that was added in 1888 were conserved. The three floors of commercial space inside were divided to allow for new business tenants of differing sizes. The history of the building is referenced in the old newsprint wallpaper that lines the public spaces. The car parking space was also repurposed to include a shipping container café and the buildings new main entrance.

The property is strata titled, Howell Property Group are pleased to be appointed with the sale of the ground floor, Lots 1, 2 & 9 67-75 Paterson Street, Launceston via Expressions of Interest (no closing date). Yield expectation of circa 5.5%

The offering is fully tenanted with the following businesses: Mouthworks Speech Pathology, Clarke & Gee Solicitors, Maxima Employment, Coordinated Engineering Services & Guerilla Coffee

-Net lettable area of 1,047m2 approx.
-Current annual net rent of $208,695.26pa ex GST (after recoverable outgoings)
-Favourable lease terms across tenants
-Central location 100m from the Brisbane St Mall
-Impressive A-Grade spec amenities
-Elevator access to all floors
-Blue Ocean Gigabit NBN (one of few connections in Launceston)
-Air conditioning / heat
-Common area kitchen and toilets
-DDA compliant facilities
-Seven car parks allocated (added to title on settlement)
Outgoings: (estimates based on previous financial year)

Land Tax: $9,036.65
Council Rates: $24,235.31
TasWater: $10,688.69
Body Corporate: $33,211.38

To learn more about this property, contact Andy at Howell Property Group.