2-4 Derby Street,
Launceston, TAS 7250

Strategically situated at the confluence of Derby Street and McKenzie Street in Invermay, the property (addressed as 2-4 Derby Street) produces a comfortable, "low maintenance", income stream derived from two significant "National" tenants.

With just over 7,500sqm on title, the property is a dominant "player" in the location and is highly visible to passing traffic.

Part occupied by J.J. Richards and Sons Pty Ltd (yard space only) the main improvement to the property is the premium quality 800sqm warehouse occupied by Atlas Steel (for some 20 years).

- Current passing net rent $116,892 (approx.)
- Lease to J.J. Richards and Sons Pty Ltd until 2023
- Lease to Atlas Steel - three year lease from 1 July 2017
- 1,311sqm fenced yard available to lease, or to further develop

In the current low-interest rate environment, well tenanted properties such as this will likely prove a beneficial acquisition.

For Sale by Expressions of Interest closing 9 November 2017.

*Vendor reserves the right to consider offers made prior to.