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 21 car spaces on-title.
+ 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 parking on common possessory property.
+ Major tenants include Camerons Accountants, Knight Frank, Commonwealth of Australia (Liberal Senator – brand new fit-out) and State Government (Dept. of Health & Human Services).
+ 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 (530 sqm basement).
+ Launceston: capital of Northern Tasmania experiencing record capital growth with GDP of $4.3B.
+ Estimated Net Income $573,753pa

For Sale

*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

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