175-177 Charles Street
Launceston TAS 7250
Private Treaty - Offers in Excess of $1.7m
Fully Leased CBD Investment with $108,706* Net Income and National Tenants on High-Profile Charles Street
We proudly offer for sale, 175-177 Charles Street, a fully leased CBD investment, located on one of Launceston’s busiest intersections.The ground floor retail area is leased to RB Sellars with a net income of approx. $65,000 pa + GST, to 15 October 2026 with a further 3 year tenant option. The tenancy is due for a 4% fixed increase in October 2024.
The first floor office space is leased to Petuna Aquaculture with a net income of approx. $43,706 pa + GST, to 31 October 2026 with a further 3 year tenant option. The tenancy is due for a CPI increase in October 2024.
Combined, the property returns a net income of $108,706 pa* with rental increases due in October 2024 for both tenancies.
Surrounding major retail brands located on Charles Street include Country Road, Target, Chemist Warehouse, Harris Scarfe, Gazman, Bonds, Portmans and Jeans West.
Features
General Features
- Commercial Type: Offices
- Building Area: 510sqm
Can I afford 175-177 Charles Street?
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Elders Real Estate Launceston
Enquire about 175-177 Charles Street, Launceston, TAS, 7250