Landmark CBD sites hit the market

TWO of TasTAFE’s key Launceston city campus sites have been listed for sale as the training and education provider moves its operations out of the CBD to Alanvale.

The enormous historical offerings include the three- wing, 4928 sqm art deco building constructed about 1920 as the Launceston Technical College.

The brick building sits on a 5403 sqm corner site at 10- 16 Wellington Street. The twoand three- storey wings with timber floors surround an open air carpark with 30 spaces within more than 1000 sqm of landscaped grounds.

A Shepherd and Heap Pty Ltd memorandum said the site lends itself to a new multi- level construction and the layout and configuration of the property suits a hotel development, residential conversion, allied health or general mixed use development, subject to council and zoning approval.

It sits 300m from the Brisbane St mall and a 400m walk from Launceston Seaport through Royal Park.

The memorandum highlights “commanding views” from the upper level of the northern wing across Royal Park and the Tamar River.

“All structures are in good repair having been regularly maintained,” it says.

The new owner will take vacant possession of the site at settlement.

The old Wellington Square school site across the road at 3/ 93 Paterson Street is also being sold. Across three buildings in the lot there is 1234 sqm of building area.

Shepherd and Heap reported the “commanding doublestorey brick building” has undergone extensive refurbishment, but retains important heritage features.

Shepherd and Heap commercial director Blake Shepherd said the company expected strong buyer interest.