fbpx Skip to content

58-60 Paterson Street

Launceston TAS 7250

By Offer

Unlock an Exclusive Opportunity for Commercial Transformation

Holding a dominant position fronting Paterson Street directly opposite the Examiner building and Paterson Street West multi-level carpark, the property is easily identified as the Hertz Building.
A definitive "blank canvass", the property has a land area of some 746 sqm* and two levels of floor-space of 700 sqm* each.
Concept redevelopment has ground level secure parking; a ground floor tenancy of 250 sqm* and first floor tenancy area of 700 sqm*.

Currently operating as a car rental depot, the property generates $53,913 p.a.* in holding income from a national tenant on a month-to-month basis.

The property has significant history without Heritage Listing, and therefore appears to have outstanding scope for re-development for a plethora of future uses, such as:
- Professional offices.
- Showroom and offices
- residential conversion to upper level
- Sport and recreation
- Casual parking facility.

Zoning is "Urban Mixed Use" under the Tasmanian Planning Scheme - Launceston Provisions.

*Approx

Features

General Features

  • Land Area: 746sqm
  • Commercial Type: Offices
  • Building Area: 1,359sqm
  • Zoning: Urban Mixed Use

Can I afford 58-60 Paterson Street?

With access to the best on offer from 30 lenders and complete support and advice from pre-approval to settlement, you can trust an Elders Home Loans broker to find a quick and simple solution.

Get a Quote

Elders Real Estate Launceston

Enquire about 58-60 Paterson Street, Launceston, TAS, 7250

Property guides and resources

Australian Property Reaches New Heights

Australian property values reached new heights according to CoreLogic’s national Home Value…
Read more

Elders Real Estate awards celebrate brightest industry talent

The 2024 Elders Real Estate awards season recently concluded, drawing hundreds together…
Read more

Budget Ways to Add Value to Your Home

Getting your home ready for sale doesn’t have to cost a fortune.…
Read more