Ground Floor/10-14 Paterson Street, LAUNCESTON – $1.465M

Single Tenant, Minimal Management Investment - $1.465m

Retail/Shops/Service Stations

Opportunity to secure this prime hospitality and retail investment property occupied by Launceston's iconic Inside Cafe and Inside Home and Gifts. In the heart of the CBD in sought after locale, directly opposite large 244 bay multi-storey car par.

• $96,772pa net rental
• Fixed annual 3.5% increases
• Tenant pays all usual outgoings including building insurance
• Currently under 8 year lease term with options to 2030
• 503m2 building area plus one car space on title
• Huge 13.9m2 frontage

An outstanding Investment ideal for SMSF displaying a superb fitout which is second to none and lease security from extremely popular business along with future upside to split into two tenancies - one not to miss.

For further details please call Blake Shepherd

Property Info

Agent Contact

Blake Shepherd

blake@shepherdheap.com.au

0417 820 820


Property Type

Retail/Shops/Service Stations


Land Area

514sqm


Building Area

503 sqm


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