13 Quadrant Mall

Launceston TAS 7250

13 Quadrant Mall is an outstanding opportunity for the investor to purchase a fully tenanted mixed commercial / residential property right in the heart of Launceston. The Quadrant Mall is conveniently positioned amongst retail and professional tenancies, just a stone's throw from the Brisbane Street Mall and multiple car parking options. In recent years the Quadrant Mall has undergone a significant upgrade providing clear and welcoming access to the property whilst retaining the heritage charm of the area.

Tenancy mix is strong with anchor tenant Medibank having leased the property for over ten years. Cake O Clock caf is a recent addition to the property and has become very popular with locals and tourists alike. Both of the commercial tenancies have near new fit outs and present very well. Upstairs is a two bedroom residential unit that is currently leased long term. This unit could realise some further upside if converted to short term accommodation in the future.

13 Quadrant Mall is a great option for those looking for a return without the need for up front capital expense. This is a solid set and forget option with a low risk tenancy mix in a key location, what more could you ask for!