The Prestigious ‘Camerons Building’ – CBD Financial/Legal Precinct

44-50 & 52-56 Cameron Street, Launceston TAS

Property Highlights

Global Branded & Government Tenants
Three Level Complex with 29 Car Spaces
100% Leased, Mulitple Income Streams

Description

Immaculate three level complex with 2,834 sqm approx NLA plus 29 car spaces
100% leased to quality tenants offering multiple income streams.
Prime corner site, within established financial and legal precinct.
Combined Title area totalling 2,502 sqm approx. plus additional car park on common land.
Tenants include Camerons Accountants, Knight Frank, Commonwealth of Australia (Liberal Senator – brand new fit-out), State Government (Health & Human Services), Hanson Psychologists and Retail Cafe
Annual rent reviews.
Camerons occupied 25+ years, tenant office upgrade pending 2020.
4 Star Nabers Energy Rating.
Substantial taxation depreciation.
Further development potential STCA.
Income includes vendor guarantee (basement).
Launceston: capital of Northern Tasmania experiencing record capital growth with GDP of $4.3B.
Income $647,095 pa approx. (1 July 2020)

Auction 11am AEDT Wednesday 26 February
Crown Casino, Melbourne, VIC

*The two roof top apartments at 44-50 Cameron Street are not included in the sale.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government;Office
Land Size
2,502 SQM
Building Area
2,834 SQM

Contact Agents

Raoul Holderhead

0413 860 304

Contact Me

Shaun Venables

0411 860 865

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