Launceston's Pizza Pub building for sale

Situated on the corner of Wellington and Frederick streets, the building is locally-owned and is likely to command a price in the mid $2 millions.

The listing follows a flurry of activity in the area, including the construction of Wilson Homes and Launceston Veterinary Clinic on the opposite corner, and plans for a First Choice Liquor Market one block down the road.

Selling agent Blake Shepherd, of Shepherd and Heap, said The Pizza Pub's long lease made the property an attractive investment.

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"We've experienced good enquiry, probably due to the fact that it's a very long and stable lease - a 10-year lease period with four seven-year options - and a very popular, well-known and well-run business as tenant," he said.

"The property internally is immaculate, they've done a lot of work in there, they've got a brand new bottleshop and the corner profile is desired as well."

The 1236 square metre block features a drive-through bottleshop and pizza pick-up, as well as eight on-site car spaces.

The property brings in an annual rent of $160,000.

Expressions of interest close on June 1.

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