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58-60 Paterson Street, Launceston, TAS 7250

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+19 Photos

Properties / Buy / Tasmania / Launceston

Development Potential

1. Property Summary

Property Type

Residential, Commercial, Mixed Use

Sub Type

Office, Other, Land Site

Land Area

746 m² (*approx)

Zoning

Urban Mixed Use

Local Government

Launceston

Selling Method

Sale by Negotiation: Offers Over $1,525,000

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2. Property Highlights

Unlock an Exclusive Opportunity for Commercial Transformation

"Blank-canvass" ready for re-development
Flexible Urban Mixed Use Zoning
$53,913 p.a. net in holding income

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

Remember to mention you found this property on DevelopmentReady

Development Potential

1. Property Summary

Property Type

Residential, Commercial, Mixed Use

Sub-type

Office, Other, Land Site

Land Area

746 m² (*approx)

Zoning

Sourced by DistrictData

Urban Mixed Use

Local Government

Sourced by DistrictData

Launceston

Selling method

Sale by Negotiation: Offers Over $1,525,000

2. Property Highlights

Unlock an Exclusive Opportunity for Commercial Transformation

"Blank-canvass" ready for re-development
Flexible Urban Mixed Use Zoning
$53,913 p.a. net in holding income

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

Remember to mention you found this property on DevelopmentReady

Development Potential