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58-60 Paterson Street, Launceston, TAS 7250

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58-60 Paterson Street, Launceston, TAS 7250

Launceston

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+19 Photos
58-60 Paterson Street, Launceston, TAS 7250

58-60 Paterson Street, Launceston, TAS 7250

Properties / Buy / Tasmania / Launceston
Development Potential
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: By Offer
Show All
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

Read More
Development Potential

58-60 Paterson Street Development Site Summary

Property Type
Residential, Commercial, Mixed Use
Sub-type
Office, Other, Land Site
Land Area
746 m² (*approx)
Urban Mixed Use
Local Government
Launceston
Selling method
Sale by Negotiation: By Offer

Development Site 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

Read More
Development Potential

Property Location of 58-60 Paterson Street, Launceston, TAS 7250

Property Map

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Report Contains

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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