52 Invermay Road

Invermay TAS 7248

This magnificent Inter-war Art Deco/Functionalist building, Circa 1938, is being offered for sale for the first time in decades. Listed in the Post Office Directory in 1940 as the Launceston Bank for Savings with KR Westbrook as Manager. This would have to be one of Invermay's most recognisable landmarks for a generation of Launcestonians and is one of the many works designed by Roy Smith & Hubert S East prominent architects back in the day in Launceston.

Externally the building is in excellent shape with a low maintenance colorbond roof and professionally painted only a couple of months ago. The title includes five car spaces. Zoned 'Inner Residential', the ground floor portion of the property has also been utilised variously as a Pharmacy, Post Office and more recently as retail space but is offered for sale with vacant possession due to the retirement of the current tenants. The space is mainly open plan with a storeroom, kitchenette and bathroom/disabled toilet and 2 entrances including flat, disabled-friendly access. The location is brilliant from a profile perspective and offers an owner-occupier a completely blank canvas to configure any number of office/retail layouts. Upstairs is a very tidy 2-3 bedroom unit with entry via an external staircase currently leased until the end of April 2024.

The Invermay-Inveresk Precinct is continuously on the rise, and we believe this is a great alternative for a business currently paying rent to purchase, relocate and utilize the income from the unit to offset overheads.