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Positioned on a high-exposure corner site in the heart of Launceston’s CBD, 99–109 Charles Street presents a rare opportunity to acquire a landmark commercial asset underpinned by scale, history, and secure long-term income.
The property comprises a significant CBD landholding of approximately 1,600sqm across three titles, with an exceptional circa 80-metre combined street frontage, delivering prominent visibility and enduring strategic value within the city’s commercial core.
The building itself carries genuine historic and cultural significance, evolving from its early role within Launceston’s entertainment precinct, to more than five decades of continuous occupation by Foot & Playsted, one of Tasmania’s most established and respected businesses. Their long association with the property is a powerful endorsement of both the location and the building’s adaptability.
The asset is underpinned by strong lease fundamentals, with Foot & Playsted secured on a five-year lease with options extending through to 2036. The lease structure provides investors with stable income and operational certainty, with 100% of statutory outgoings and insurance fully recoverable.
Opportunities combining prominent corner exposure, substantial land content, long-term tenancy, and a deeply embedded place in the fabric of Launceston are increasingly rare. This is a standout CBD investment offering immediate income security alongside long-term strategic flexibility.
- Approx. 1,600sqm CBD landholding across three titles
- High-exposure corner site with approx. 80m total street frontage
- Urban Mixed Use zoning
- Five-year lease in place with Foot & Playsted
- Options extending through to 2036
- Tenant in continuous occupation since 1970
- 100% statutory outgoings and insurance recoverable
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
Remember to mention you found this property on CommercialReady
Ready Verified
Positioned on a high-exposure corner site in the heart of Launceston’s CBD, 99–109 Charles Street presents a rare opportunity to acquire a landmark commercial asset underpinned by scale, history, and secure long-term income.
The property comprises a significant CBD landholding of approximately 1,600sqm across three titles, with an exceptional circa 80-metre combined street frontage, delivering prominent visibility and enduring strategic value within the city’s commercial core.
The building itself carries genuine historic and cultural significance, evolving from its early role within Launceston’s entertainment precinct, to more than five decades of continuous occupation by Foot & Playsted, one of Tasmania’s most established and respected businesses. Their long association with the property is a powerful endorsement of both the location and the building’s adaptability.
The asset is underpinned by strong lease fundamentals, with Foot & Playsted secured on a five-year lease with options extending through to 2036. The lease structure provides investors with stable income and operational certainty, with 100% of statutory outgoings and insurance fully recoverable.
Opportunities combining prominent corner exposure, substantial land content, long-term tenancy, and a deeply embedded place in the fabric of Launceston are increasingly rare. This is a standout CBD investment offering immediate income security alongside long-term strategic flexibility.
- Approx. 1,600sqm CBD landholding across three titles
- High-exposure corner site with approx. 80m total street frontage
- Urban Mixed Use zoning
- Five-year lease in place with Foot & Playsted
- Options extending through to 2036
- Tenant in continuous occupation since 1970
- 100% statutory outgoings and insurance recoverable
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
Remember to mention you found this property on CommercialReady
99-109 Charles Street, Launceston, TAS, 7250
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
