2-12 Montagu Street,
Launceston, TAS 7250

2-12 Montagu Street provides investors with a fantastic opportunity to secure a large warehouse facility in Invermay. With restrictions imposed on the size of warehouses to be built in Invermay, this provides the astute investor to secure a refurbished building of some 2,520sqm in area.

Currently the building is leased to 3 separate tenants, however recent deals have shown a strong appetite for large warehouses in inner city Invermay.

Businesses in the immediate area include Harvey Norman, Bunnings, Hydraquip & Hunters. Cool Drive have recently identified the area as a location that best positions their business in the growing Invermay market.

The land area of 4,130sqm is a corner site, with 3 street frontages and access. The land is currently zoned "Light Industrial" under the Launceston City Council Planning Scheme.

A further parcel of land of 481sqm on Gleadow Street will be made available to the successful purchaser.

The building is currently leased by 3 tenants with the Net rental being $151,360pa + GST + Outgoings.

The demand for properties in inner Invermay continues to strengthen, with major infrastructure spend proposed for the city to benefit this area.