Under Offer 03/10/2023
Ultra Rare Hospitality Freehold Investment Opportunity
187 Wellington Street, Launceston TAS 7250
For Sale By Offer
HotelSize: n/a
Block size: 230 m² approx.
Boasting a brand new 5 + 5 + 5 year lease this excellent hospitality investment benefits from all the bells and whistles.
Having undergone complete refurbishment over the past 2 years, the property is an excellent example of a warm, cosy and rustic cafe, occupying an outstanding location less than 300m from the Launceston General Hospital (LGH).
Features include:
- Fully compliant commercial kitchen
- Excellent location on major arterial route seeing 25,000 plus daily traffic movements
- Around the corner from LGH (less than 300m)
- Disabled access and amenities
- Stunning heritage features
- CPI increases annually, market rent review at option takeup
- Brand new 5 + 5 + 5 year lease to local café operator
- Net rent: $45,000pa + Outgoings + GST
Certainly, a must see with no comparable properties currently on the market in Launceston.
For further details contact Joel Harwood.
Having undergone complete refurbishment over the past 2 years, the property is an excellent example of a warm, cosy and rustic cafe, occupying an outstanding location less than 300m from the Launceston General Hospital (LGH).
Features include:
- Fully compliant commercial kitchen
- Excellent location on major arterial route seeing 25,000 plus daily traffic movements
- Around the corner from LGH (less than 300m)
- Disabled access and amenities
- Stunning heritage features
- CPI increases annually, market rent review at option takeup
- Brand new 5 + 5 + 5 year lease to local café operator
- Net rent: $45,000pa + Outgoings + GST
Certainly, a must see with no comparable properties currently on the market in Launceston.
For further details contact Joel Harwood.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Joel Harwood to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Hotel
Block Size:
230 m²*
Other Details
Volume:
1
Folio:
198481
Legal description:
198481/1
Maps and area information
Block information
Block size: 230m² (approx)
Legal description: 198481/1
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Enrolment areas for ACT public schools.
What's nearby
Glen Dhu Primary SchoolPrimary School
0.5km
Kings Meadows High SchoolHigh School
3.2km
The Eye HospitalHospital
0.2km
Shopping CentreMajor Shopping Centre
1.2km
Elizabeth Street Post OfficePost Office
0.6km
Tafe - Drysdale Charles StreetTafe
0.5km
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
31 Oct 2017
Sold
Harcourts Launceston
Listed: 11/10/2017
Block size: 163m²
Transfer type: Full transfer
04 Nov 2016
Sold
The Agency.
$180,000
Contract: 04/11/2016
Listed: 09/09/2016
Days on market: 56
Block size: 163m²
Transfer type: Full transfer
26 Feb 2015
Sold
Parry Property
$150,000
Contract: 26/02/2015
Listed: 11/02/2015
Days on market: 15
Block size: 163m²
Transfer type: Full transfer
22 Dec 2003
Sold
$90,000
Contract: 22/12/2003
Block size: 163m²
Purpose: Shop
Launceston suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
42 years
Population
3,110
Listing ID: 180836162. This listing has been viewed 58 times. It was first displayed on 25/07/2022 and last updated on 03/10/2023.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.