67 - 69 Boland Street, LAUNCESTON, TAS, 7250

This expansive and high profile site is strategically positioned on Launceston's premier bulky goods strip; Boland street. Rarely does property come to the open market in Boland Street due to the exceptional performance of the area, home to major brands such as Kmart/Coles, Mitre 10, Autobarn, Symbion, Gyprock, Husqvarna, Shiploads plus many more. Occupying a generous land holding of 4,439 sqm comprised in two titles, allowing the opportunity to purchase in two separate entities for strategic tax benefits. - Three tenants providing current holding income of $137,250 pa - Tenants responsible for 100% of all statutory outgoings - Excellent main road site exposure - Desirable 'Commercial' zoning overlay - Lease tenure negotiable The site is extremely well suited to owner-occupiers who can benefit from strong holding income whilst planning redevelopment or organising relocation, alternatively the site lends itself to investors/developers seeking a flexible tenancy configuration allowing part re-development of the site whilst receiving income from the other tenancy areas. For further detail and scheduled inspection, contact the agent.