113-115 Cimitiere Street & 34 George Street Launceston, TAS, 7250

Landmark Investment in one of Australia’s strongest performing office markets

CBRE together with Elders Tasmania is pleased to offer to the market Cimitiere House located at 111-113 Cimitiere Street & 34 George Street, Launceston, TAS for sale via Expressions of Interest, closing 4:00 AEDT Wednesday 11 November 2026.

+ Fully leased A-Grade office complex comprising two (2) buildings on two (2) titles, to be sold in one line.
+ Tasmania's first designed and constructed 'Green Building'
+ Long 6.2 year WALE by income, anchored by the Tasmanian State Government (Department of Health).
+ Five (5) high-quality government, and professional services tenants with an outstanding occupancy history.
+ Tenant's pay all outgoings including land tax (single holding basis), with annual rent reviews ensuring long term compounding income growth.
+ Complete restoration ($2.5 million*, with contributions from Tenant), to 21st Century expectations, of Heritage Listed 34 George Street.
+ Recently completed $4.5 million* refurbishment to facilitate State Gov tenancies 2025/2026.
+ Immaculately presented freehold office complex totalling 5,351sqm* with a 5 Star NABERS Rating.
+ Expansive 3,255sqm* corner freehold landholding with 115 metres* of frontage to Cimitiere and George Streets and 70 on-grade car spaces.
+ Favourable Urban Mixed Zoning under the Tasmanian Planning Scheme - Launceston Local Provisions Schedule.
+ Strategic CBD location within Launceston's financial precinct, steps from the Australian Federal Government, Deloitte, and St Luke's Health.
+ Launceston: The commercial capital of northern Tasmania, with a 230,000+ total population catchment and a resilient economy underpinned by a record $40.6 billion Gross State Product, up 26.3% since 2014.
+ Net income: $1,981,484 pa* + GST.

To be sold by Expressions of Interest
Closing 4:00pm AEDT Wednesday 11 November 2026

Please contact the exclusively appointed agency team for more information.

*Approx