115 St John Street
Launceston TAS 7250
For Sale by Offer
Trophy CBD Investment with Strong Lease Covenant
Elders Commercial has the exclusive opportunity to offer for sale 115-117 St John Street and 108-110 York Street, Launceston, Tasmania.The property is situated on one of the CBD’s busiest intersections, benefiting from outstanding exposure to passing vehicles and pedestrians.
Key Property Features:
+ Leased to franchisees of INTERSPORT, part of the world's largest sporting retail group. With over 70 stores across Australia
+ One of Launceston's highest exposed corner sites in the CBD
+ Trophy CBD asset in the Launceston CBD
+ Substantial lettable area of 1,291 sqm* across two levels
+ Recent extensive tenant refurbishment completed in 2024
+ Secure lease to 2031 with options until 2038
+ Unexpired lease term (WALE) of 5.60 years*
+ Net Income of $278,792 per annum*
Please contact David Webster, Cale Ayres or Rodney Rawlings for more information or to arrange an inspection.
*Approx
Features
General Features
- Commercial Type: Retail
- Building Area: 1,291sqm
- Zoning: Central Business
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Elders Real Estate Launceston
Enquire about 115 St John Street, Launceston, TAS, 7250