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Cornwall Building Freehold, 35-39 Cameron St, LAUNCESTON, TAS, 7250

2. Property Highlights

For Sale a Prime CBD Heritage ICON
  • Site area circa 1,922 sqm
  • Building Area circa 2,219 sqm
  • Historic CBD property

Offered for Sale is the Cornwall building, a Prime CBD heritage property offering a diverse income with 3 established commercial tenants offering a long WALE of circa 7.5 years.

The hotel is renowned as the birthplace of Melbourne, where a meeting was held by John Pascoe Fawkner and John Batman in circa 1835, resulting in the founding of Melbourne .

The property offers a secure and diverse rental income with mainland accommodation operative "Vision Hotels" leasing the hotel's accommodation business, well known established Launceston Cafe operative "Maple" occupying the ground floor cafe and the "Hillsong Church" leasing a large area at the rear.

Having undergone an extensive upgrade/renovation program in recent years the property is in good condition.With onsite parking for up to 10 cars, the property offers the opportunity to hold with solid income or to redevelop the rear area to optimise rental income.

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3. Property Location

Cornwall Building Freehold, 35-39 Cameron St, LAUNCESTON, TAS, 7250

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4. Due Diligence

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  • Site Summary
  • Development Pipeline
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  • Surrounding Amenity
Cornwall Building Freehold, 35-39 Cameron St, LAUNCESTON, TAS, 7250 Launceston
Elders Tasmania
Elders Tasmania
5 Victoria Street, Hobart, Tasmania, Australia, 7000
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