31 York Street
Launceston TAS 7250
Offers over $1.95m
Established Carpark Investment with Future Development Potential
Elders Commercial is excited to present a rare opportunity to secure a substantial inner-city landholding with strong income, prominent frontage, and exceptional future development upside.The key property highlights include:
-Substantial inner-city landholding of 2,074sqm.
-Strong estimated net income of $99,686 per annum plus GST (before owners outgoings) under a management agreement with Carepark as of EOFY25.
- Exceptional frontage of approximately 31 metres to high-profile York Street.
- Currently configured for approximately 70 car parking spaces, providing future alternate income options.
- Urban Mixed Use zoning allowing for a wide range of future commercial or residential redevelopment outcomes (STCA). Building height of 10m allowed within zoning.
- Prime location close to Launceston’s CBD, commercial core, and key amenities.
- Flexible investment profile offering both passive income and future value-add potential.
- Rare opportunity to acquire a large, income-producing site with long-term redevelopment upside.
Please contact Fletcher Seymour or Rodney Rawlings for more information or to arrange an inspection.
Features
General Features
- Land Area: 2,074sqm
- Commercial Type: Land/Development
- Building Area: 1sqm
Can I afford 31 York Street?
Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.
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Elders Real Estate Launceston
Enquire about 31 York Street, Launceston, TAS, 7250