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Elders Commercial is pleased to offer for sale a securely leased investment property positioned in one of Launceston’s most established and tightly held retail/commercial precincts. Located approximately 1.2 kilometres from the Launceston CBD and directly opposite the Launceston Plaza Shopping Centre—anchored by Coles and Kmart—the property benefits from strong foot traffic, excellent visibility, and a high-profile neighbouring tenant mix.
Key Property Highlights:
+ Renewed 5 Year Lease to Long Term Secure Tenant
+ Two Further 5 Year Options until 2040
+ Current Rent: $150,000 pa + GST
+ Fixed Annual Increases of 2.50%
+ Premium Retail Location - Boland Street Precinct
+ Modern Concrete Tilt Construction
This strategic location is further enhanced by an efficient arterial road network, ensuring seamless connectivity across greater Launceston. Surrounded by major national retailers including Chemist Warehouse, Mitre 10, Priceline, Repco, AutObarn, and Pet Stock Country, the asset sits within a highly active and sought-after commercial hub.
Please call one of the listing agents for more information.
Remember to mention you found this property on CommercialReady
Elders Commercial is pleased to offer for sale a securely leased investment property positioned in one of Launceston’s most established and tightly held retail/commercial precincts. Located approximately 1.2 kilometres from the Launceston CBD and directly opposite the Launceston Plaza Shopping Centre—anchored by Coles and Kmart—the property benefits from strong foot traffic, excellent visibility, and a high-profile neighbouring tenant mix.
Key Property Highlights:
+ Renewed 5 Year Lease to Long Term Secure Tenant
+ Two Further 5 Year Options until 2040
+ Current Rent: $150,000 pa + GST
+ Fixed Annual Increases of 2.50%
+ Premium Retail Location - Boland Street Precinct
+ Modern Concrete Tilt Construction
This strategic location is further enhanced by an efficient arterial road network, ensuring seamless connectivity across greater Launceston. Surrounded by major national retailers including Chemist Warehouse, Mitre 10, Priceline, Repco, AutObarn, and Pet Stock Country, the asset sits within a highly active and sought-after commercial hub.
Please call one of the listing agents for more information.
Remember to mention you found this property on CommercialReady
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