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CBD Office at EXA House

67-75 Paterson Street, Launceston
Offers invited over $1,500,000 For Sale
  • 2 Car spaces
  • 555 sq metres

Description

EXA house is a three storey heritage building located on Paterson Street, Launceston that was refurbished by ARTAS Architects in 2015. The former home of the Examiner newspaper, who had occupied the building for over 160 years, was redeveloped to include a redesign of the sites main entrance and a new lift to service the three floors.

Due to the historic overlay the façade of the original building and the extension that was added in 1888 were conserved. The three floors of commercial space inside were divided to allow for new business tenants of differing sizes. The history of the building is referenced in the old newsprint wall paper that lines the public spaces. The car parking space was also repurposed to include a ‘pop up’ café and the buildings new main entrance.

The property is strata titled, Tucker & Howell are pleased to be appointed with the sale of Lot 2, 67-75 Paterson Street, Launceston via Expressions of Interest (no closing date).

Lot 2 comprises of two tenancies, 2A which is currently vacant and 2B leased to law firm Clarke & Gee. This is an outstanding opportunity as a straight investment, or owner occupy the vacant space whilst collecting rent on the other.

Offers are invited over $1,500,000

-Total size of Lot 2 approx. 728m2
-Tenancy 2A 174m2 approx. (vacant)
-Tenancy 2B 381m2 approx. (Clarke & Gee)
-Current annual rent (2B) $87,630pa Plus GST (gross)
-Lease term 5+5+5 commenced 1st February 2019
-Central location 100m from the Brisbane St Mall
-Impressive A-Grade spec amenities
-Elevator access to all floors
-Blue Ocean Gigabit NBN (one of few connections in Launceston)
-Air conditioning / heat
-Common area kitchen and toilets
-DDA compliant facilities
-Two car parks allocated (added to title on settlement)

Outgoings: (estimates based on previous financial year)

Land Tax: $5,548.82
Council Rates: $14,125.36
TasWater: $4,869.39
Body Corporate: $15,253.98

To learn more about this property, contact Andy at Tucker & Howell.