52 & 54 Tamar Street, LAUNCESTON, TAS, 7250

An amazing opportunity to secure these two outstanding properties in Launceston's pre-eminent growth precinct. Fully refurbished to a high standard and under lease to long standing tenant TasFoods ASX: TFL with current 3 year lease term running to 31 December 2023. Both terraces feature generous floorplates of 222.5m2 (24 squares) each, complete with quality fixtures and fittings, full network wiring and a north eastern aspect ensuring a desirable light filled environment. - Planned $11.5m upgrade to Albert Hall creating a state of the art Convention and Exhibition Space directly across the road - Directly next door to Launceston's newest hotel - 86 bed 'Verge Hotel' - Ideal multi room Air BnB business opportunity (stca) - 200m from $250m UTAS development (under construction) - Coveted 'Urban Mixed Use' zoning overlay - Total gross building area 445m2 - 2 freehold titles comprising 486m2 land area - Current income $65,070pa + 100% of Rates, Land Tax and Water Charges + GST (considered as 'under rented') A perfect offering for astute buyers looking at long term growth, tourism B and B conversion, residential/mixed use conversion plus clear development upside over rear 100m2 carpark area for additional multi-level building envelope. For further details please contact Blake Shepherd.