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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
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
58-60 Paterson Street, Launceston, TAS 7250
