19-21 York Street, LAUNCESTON – $3.15 million
Prime Hotel Investment Property In Booming Tourism Sector - Renewed 5 Year Term On Long Lease
Premium Investment Opportunity in Tasmania's booming tourism sector, part way through long term 38 year commercial lease (including options). Solid building construction of brick and concrete block featuring 37 guest rooms over four levels plus ground floor reception, dining and conference facilities along with roof top managers quarters.
With a sizeable 1,486m2 land area the site features 28 car spaces and obvious long term development upside for further accommodation or indeed an apartment development.
• Offered at a healthy 8.25% yield with annual CPI increases
• Four upper levels featuring 366m2 floor plates plus rooftop managers quarters
• Good quality tenant operating business to a high standard
• Strategic city locale with unsurpassed views of Gorge and Tamar River
• Rent: $260,329pa with tenant paying all usual outgoings including Land Tax
for further details please call Blake Shepherd