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CBD Freehold Opportunity

91 Paterson Street, Launceston
Offers invited over $1,200,000 For Sale
  • 11 Car spaces
  • 632 sq metres

Description

It is not every day that grand old properties in the Launceston CBD become available for sale. 91 Paterson Street, constructed in approx. 1840 and most well known as the ‘Court House Hotel’, is an opportunity that should not be missed by developers, investors and owner occupiers alike.

The property is situated in a high-profile location on the corner of Paterson & Wellington Street and is currently being utilised as an owner occupied office. The exterior of the property features a prominent façade that any business would be proud to call home, to the rear of the property is secure parking for approx. 11 vehicles – something of a rarity these days. Inside are twelve offices, large meeting room, open plan admin space, toilets / shower, kitchen, storage rooms and large basement.

Tucker & Howell are pleased to be appointed with the sale of 91 Paterson Street, Launceston via Expressions of Interest with a closing date of the 8th October 2020 at 4pm.

91 Paterson Street is being sold with vacant possession – this is an outstanding opportunity right in the heart of the Launceston CBD.

Offers are invited over $1,200,000

-Land 632m2 approx.
-Building 390m2 approx.
-Zoning 15.0 Urban Mixed Use
-Central location 200m from the Brisbane St Mall
-Ducted air conditioning / heat
-Solar power on roof of building
-Kitchen / Shower / Toilets
-Secure parking for approx. 11 vehicles
-NBN ready

Outgoings: (estimates based on previous financial year)

Land Tax: $4,900.27
Council Rates: $8,189.80
TasWater: $830.86

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