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1 Norwood Ave Launceston, TAS 7250

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1 Norwood Ave,
Launceston, TAS 7250

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STANDOUT INVESTMENT - NEW IGA SUPERMARKET (& SECOND TENANCY) - 15 YEAR LEASE + OPTIONS

Just completed, this substantial development in suburban Launceston is a standout investment
offering:
- Latest supermarket design, plus beauty salon (second tenancy)
- Prominent corner location in affluent Launceston suburb
- Brand new 15 year lease (IGA) plus options to 2064
- CPI/Market and Percentage rent reviews
- Ultra modern 640 sq metre development
- 'Local Business' retail site of 1,523 sq metres
- On site plus kerb side parking
- Significant taxation saving depreciation
- Estimated net income of $142,550 p.a.

FOR SALE BY AUCTION (Burgess Rawson Portfolio Auction No. 44 Melbourne)
- CONTACT IAN SINGLINE 0419 8208... FOR FURTHER DETAILS

Property ID: 5520317Last Updated: 5 Dec 2013

04198208...
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1 Norwood Ave
Launceston, TAS 7250

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