24 Mulgrave Street, South Launceston, Tas 7249

Located on the busy Mulgrave St corridor, this well exposed, long standing takeaway property offers investors a 5 + 5 year lease term along with clear future growth potential given the property's proximity to the hospital, coupled with a highly desirable 'Local Business' zoning overlay. 

Being just 150m to the start of the Launceston General Hospital's Health Precinct and only 1320m to the Brisbane St Mall the property is assured of a constant supply of passing trade whilst benefiting from the regularly improving centralisation of the suburb generally. 

- 5 + 5 year lease from Oct 2022 with market review at Option for positive rental reversion
- Modern glass shopfront with convenient external rear access
- Previously split to two tenancies 
- Current Rent: $35,000pa + Outgoings + GST

An affordable hospitality investment sure to be popular amongst strategic local and interstate investors.

For further details contact Blake Shepherd or Joel Harwood.