Calling all developers! If you are looking for your next project – look no further! The vendor has put in a significant amount of work into the planning of this site with DA and BA approval in place for 5x two bedroom apartments and a large commercial office tenancy fronting onto Wellington Street. Each of the apartments features two bedrooms with internal garage and courtyard, the office tenancy is approximately 250m2 over two floors. Substantial preparation work has been completed with the vendor having stripped the site internally ready to commence works. This proposal would be appealing to developers, investors, and owner occupiers alike.

The property is not limited to the above development, with its versatile Urban Mixed Use zoning its scope of future opportunity is broad. 24 Wellington Street is conveniently located only one block from the Brisbane Street mall in a high profile position across the road from the Morty’s Food Court, BP and Woolworths. The building is a solid concrete construction over two levels, on the upper level it benefits from an impressive barn ceiling with windows running almost the length of the property providing a high level of natural light.

Property is for sale with vacant possession, offers are invited over $1.75m

Features include:

-Land Size: 908m2 approx.
-Building Size: 1550m2 approx.
-DA and BA approved development site
-Internally stripped ready for future works
-Zoning ‘Urban Mixed Use’ (15.0)
-One block from the Launceston city centre

Outgoings: (previous financial year approx.)

Land Tax: $5,422.50
Council Rates: $7,472.09
TasWater: $3,444.00

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

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 purchasers are advised to carry out their own investigations.