171-173A Elphin Road,
Newstead, TAS 7250
Shops & Retail • Offices
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Elders Real Estate - Launceston
54 Cameron StreetLAUNCESTON, TAS 7250
171-173A Elphin Road
Newstead, TAS 7250
Map of 171-173A Elphin Road
Fully Leased Investment Representing a Circa 6.5% Net Return - $1,450,000
- Net income of $94,276*
- WALE of 2 years* providing flexibility
- Circa 6.5% net return
Elders Commercial are delighted to offer to market a fully leased asset in a blue-chip retail strip.
Comprising three tenancies in a tightly held location, 171-173a Elphin Road offers investors a diversified tenancy mix with ample off-street parking. The property lends itself to a variety of alternate uses including medical (STCA).
The property has high exposure to Elphin Road, and benefits from surrounding businesses including Coles, Zap Fitness, Newstead Medical Centre, Newstead Hotel and 9/11 Bottle Shop.
Key features of the property include:
- Net income of $94,276*
- WALE of 2 years* providing ultimate flexibility
- Varity of alternate usage including medical (STCA)
- 7* off street carparks
- Proximity to national tenants
- High volumes of foot and vehicle traffic
- Long standing tenants
- Great signage options for tenants
For further details or to inspect, please contact Fletcher Seymour or Cale Ayres.
*Approx
Comprising three tenancies in a tightly held location, 171-173a Elphin Road offers investors a diversified tenancy mix with ample off-street parking. The property lends itself to a variety of alternate uses including medical (STCA).
The property has high exposure to Elphin Road, and benefits from surrounding businesses including Coles, Zap Fitness, Newstead Medical Centre, Newstead Hotel and 9/11 Bottle Shop.
Key features of the property include:
- Net income of $94,276*
- WALE of 2 years* providing ultimate flexibility
- Varity of alternate usage including medical (STCA)
- 7* off street carparks
- Proximity to national tenants
- High volumes of foot and vehicle traffic
- Long standing tenants
- Great signage options for tenants
For further details or to inspect, please contact Fletcher Seymour or Cale Ayres.
*Approx
Property ID: 504518456Last Updated: 3 Jul 2024
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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