Knight Frank are privileged to offer for sale a number of freehold and leasehold properties which include the leasehold of the Kings Meadows Hotel, TRC Complex (TRC Hotel; TRC Service Station & Convenience Store; two investment properties; 16 & 18 Margaret Street; 264, 268, 270 and 272 Brisbane Street), which can be purchased individually, in groups, or the entire portfolio in one line.
The offerings also includes 4 leasehold bottleshops (Liquor Stax Mowbray, Liquor Stax Riverside, Liquor Stax Gunners Arms & Liquor Stax All Year Round).
The two investment properties have long term leases and show net returns around 8%.
All the properties are located in key Launceston suburbs with the business components achieving annual revenue around $24 million.
The “TRC Complex” (photo above) also presents a fantastic development opportunity to take full advantage of a prime tourist location which is very close to the newly created “Penny Royal Adventures” (opening January 2016) and the proposed Gorge chairlift.
