Rarely available in tightly held Mornington, 10 minutes from Hobart and 15 minutes from Hobart Airport. The 1,107 m2 property is zoned Light Industrial, allowing various uses STCA. It has a freestanding concrete walled 380 m2 warehouse with 5.8 m ceilings and three 4.7h x 4.0w roller doors. A two level 60 m2 administration building comprises a downstairs reception and office, with upstairs amenities and staff room. There is 37 m2 of open mezzanine storage in the warehouse. The property has 3 car spaces at the front with a 7.9m laneway on title that connects to 300 m2 of developable, vacant land at the rear (STCA). The property, of course, benefits from 3 phase power.

Purpose built in 1994 as a joinery, the property remains in good condition, with scope for improvement and expansion. Currently leased, the property has holding income of $91,000 pa excluding outgoings and GST until May 2025.

For sale by EOI closing 30 August 2024. Inspection strictly by appointment.