70A and 70B Brisbane Street, Launceston TAS

For Sale




• A “mixed use” investment comprising 2 retail shops, and 2nd floor residential apartments. Plans have been drawn up to convert the 1st floor to residential use

• One shop has been occupied since 2008 when the lease commenced and is currently in holding over. This shop is returning approx. $34,000 pa plus outgoings. The other shop is vacant. The 2x 2nd floor flats return approx. $19,250 pa.

• The property comprises 2 titles and is very well located in the retail strip of Brisbane Streets “Avenue”.

• An ideal investment for a self managed superannuation fund with further upside opportunities

• Be part of Launceston’s revitalised CBD under the “City Heart Project”

For Sale by Expressions of Interest closing Friday, 15 April 2016 at 4pm.