The Prestigious ‘Camerons Building’ – CBD Financial/Legal Precinct
44-50 & 52-56 Cameron Street, Launceston TAS
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.