151-155 Brisbane Street, LAUNCESTON, TAS, 7250

Shepherd & Heap Commercial is delighted to offer for sale to open market 151-155 Brisbane Street Launceston, a superior corner CBD freehold investment opportunity. This property is uniquely positioned on the Brisbane Street and Kingsway junction only 80 metres from The Mall, Launceston's premier retail precinct. Retail giants Target and Country Road are directly across the street, whilst Village Cinema's, KFC and Subway are all just a few doors along, all generating immense vehicular numbers and quality footfall past the property. - A very well maintained, solid brick and concrete building - Spread risk with two tenants - Under rented - offers strong rental growth going forward - Fixed annual compounding rent increases - Secure long term leases in place - Embellish: 5 year 4 mth lease plus 5 year Option to 2029 - Cafe: 6 year 6mth lease to August 2024 - $71,472pa net rental $1,385,000 For further details please call Ian Singline or Blake Shepherd