16 Charles Street, Launceston, Tas 7250

Elders Commercial are pleased to present a landmark commercial asset supported by a strong international lease covenant.

16 Charles Street is a three-level office building on the footsteps to the Launceston CBD. The building forms part of the iconic CH Smith development site.

The property is located in a renowned public service precinct, in proximity to Launceston Town Hall, Civic Square, Police Headquarters, Law Courts, Harvey Norman, and less than 250m* from the Brisbane Street Mall.

Key property features include:

- Renewed 5-year Lease expiring 31 Dec 2028 with a further 5-year option through to 2033.

- Strong lease covenant - Nutrien Ag Solution Ltd: Nutrien Ltd (NTR.TO) is a Canadian based company with a market cap of $43.58B* AUD, traded on the New York Stock Exchange and Toronto Stock Exchange.

- The tenant pays all statutory and operating outgoings including body corporate, lift services, air conditioning, fire/maintenance etc.

- Fixed annual rental increase of 3%.

- 20 on title carparks.

- Opposite Launceston's only Harvey Norman outlet.

- Launceston: Largest city in the north of the state providing for a stable investment with upside potential. 

For more information or to arrange an inspection please contact Fletcher Seymour, Rob Dixon or Charles Black.

*Approximate