253-261 Wellington Street,
South Launceston, TAS 7249
Offices • Shops & Retail • Other
Price information
Sale - Expression of Interest
Expressions of Interest
Detailed listing
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Land area
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Map of 253-261 Wellington Street
Bus stops within 5 km of 253-261 Wellington Street, South Launceston, TAS 7249 Distance 251 Wellington St 84 m Opposite Wellington St 118 m School Stop 5, No.25 Maitland St 209 m No.63 Charles St 240 m 211 Wellington St 261 m POWERED BY HERE ©
POWERED BY HERE ©
Strategic Wellington Street location.
- Future development opportunity
- Strategic corner site
- Over four titles
Offered to the market for sale in one uninterrupted line, 253-261 Wellington Street comprises of four high exposure commercial tenancies 150m from entry to Launceston’s Southern Outlet (highway), the city’s main ingress point from the South and North West of the state.
The location of these properties is key to their future success, located in a commanding position at the base of the Southern Outlet with high visibility to a constant flow of traffic on Wellington Street, one of Launceston’s busiest thoroughfares.
From this position you can easily access all of Launceston’s suburbs within in minutes and it is only 1.3km to the Launceston CBD.
Neighbouring high-profile businesses include McDonalds, Metro Tasmania, Launceston Medical Centre and Jacksons Volkswagen. The properties are also within close proximity to the Launceston General Hospital and proposed private hospital development.
The complex is leased with an occupancy of 86.24% by area with quality tenants including ETCS Electrical & Fire and The Crown Right of Tasmania. Substantial upside remains with two storey 255 Wellington St in a partially renovated state and some underletting evident across the site.
253-261 Wellington Street is offered for sale by Expressions of Interest showing a sound lease profile combined with further development opportunities.
- Outstanding high exposure corner location on Wellington Street
- Located within minutes of the CBD and less than 500m Launceston General Hospital
- Easy access to the highway and airport
- 24 newly sealed car parking spaces, serving 4 commercial tenancies
- Quality tenants, including Crown Right of Tasmania
- 3 of 4 tenancies recently refurbished
- 32 month WALE by area with further options available on all leases.
- Opportunities for further refurbishment and/or development (STCA)
- High profile surrounding businesses (McDonalds, Metro Tasmania, Launceston Medical Centre)
- All tenancies NBN ready.
- Zoning ‘Commercial’ (23.0).
To learn more about this property contact Andy or Ben at Howell Property Group.
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
The location of these properties is key to their future success, located in a commanding position at the base of the Southern Outlet with high visibility to a constant flow of traffic on Wellington Street, one of Launceston’s busiest thoroughfares.
From this position you can easily access all of Launceston’s suburbs within in minutes and it is only 1.3km to the Launceston CBD.
Neighbouring high-profile businesses include McDonalds, Metro Tasmania, Launceston Medical Centre and Jacksons Volkswagen. The properties are also within close proximity to the Launceston General Hospital and proposed private hospital development.
The complex is leased with an occupancy of 86.24% by area with quality tenants including ETCS Electrical & Fire and The Crown Right of Tasmania. Substantial upside remains with two storey 255 Wellington St in a partially renovated state and some underletting evident across the site.
253-261 Wellington Street is offered for sale by Expressions of Interest showing a sound lease profile combined with further development opportunities.
- Outstanding high exposure corner location on Wellington Street
- Located within minutes of the CBD and less than 500m Launceston General Hospital
- Easy access to the highway and airport
- 24 newly sealed car parking spaces, serving 4 commercial tenancies
- Quality tenants, including Crown Right of Tasmania
- 3 of 4 tenancies recently refurbished
- 32 month WALE by area with further options available on all leases.
- Opportunities for further refurbishment and/or development (STCA)
- High profile surrounding businesses (McDonalds, Metro Tasmania, Launceston Medical Centre)
- All tenancies NBN ready.
- Zoning ‘Commercial’ (23.0).
To learn more about this property contact Andy or Ben at Howell Property Group.
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
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Property ID: 504074723Last Updated: 2 Mar 2024
253-261 Wellington Street
South Launceston, TAS 7249
Detailed listing
Howell Property GroupLevel 2, 97a York Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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