Added today
2A Merino Street,
Kings Meadows, TAS 7249
Warehouse, Factory & Industrial • Development Sites & Land
Added today
Price information
Sale
$2.3m
Key property information
Land area
Floor area
Zoning
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Shepherd & Heap Pty Ltd - LAUNCESTON
49 Cameron StreetLAUNCESTON, TAS 7250
2A Merino Street
Kings Meadows, TAS 7249
Map of 2A Merino Street
Bus stops within 5 km of 2A Merino Street, Kings Meadows, TAS 7249 Distance Stop 17, No.202 Hobart Rd 62 m Stop 17, No.233 Hobart Rd 76 m Stop 16, No.178 Hobart Rd 245 m Stop 16, Opp.No.172 Hobart Rd 292 m Stop 18, No.244 Hobart Rd 318 m POWERED BY HERE ©
POWERED BY HERE ©
Outstanding Warehousing Facility – Government Tenant
Fully leased to the Tasmanian Government 2A Merino Street is an impressive warehousing complex and is suitable to all investors seeking a secure, low maintenance industrial asset located in an extremely tightly held industrial park less than 6km to the Launceston CBD.
- Long standing tenant – occupied from 1999
- Rent paid quarterly in advance
- Large 1,620m2 building area split between two buildings (1,060m2 & 560m2)
- Land rich asset with 20% site coverage (7,777m2 land area)
- Compounding annual 3% increases (market at take-up of option)
- Renewed 4 + 4 year lease from May 2024
- Tenant pays rates, water and land tax
- $142,450pa net rental ($88 per m2 on blended building area)
An exceptional industrial asset located in a tried and tested pocket of Launceston, with future risk spread across two large and neat warehouses this property is as safe as the Tenant occupying it.
For further details contact Blake Shepherd or Joel Harwood.
- Long standing tenant – occupied from 1999
- Rent paid quarterly in advance
- Large 1,620m2 building area split between two buildings (1,060m2 & 560m2)
- Land rich asset with 20% site coverage (7,777m2 land area)
- Compounding annual 3% increases (market at take-up of option)
- Renewed 4 + 4 year lease from May 2024
- Tenant pays rates, water and land tax
- $142,450pa net rental ($88 per m2 on blended building area)
An exceptional industrial asset located in a tried and tested pocket of Launceston, with future risk spread across two large and neat warehouses this property is as safe as the Tenant occupying it.
For further details contact Blake Shepherd or Joel Harwood.
Property ID: 504687736Last Updated: 13 Sep 2024
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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