24 Innocent Street,
Kings Meadows, TAS 7250

"Launceston Lanes" 10 Pin Bowling Centre

Long established 20 lane bowling centre situated at Kings Meadows in Tasmania

Offered For Sale By Expressions Of Interest subject to a leaseback arrangement to a blue-chip national tenant.

Constructed circa 1984, the property has operated continuously as a Ten Pin Bowling Centre, and is nearby a stand-alone Woolworths Supermarket; Centro Meadow Mews Shopping Centre and the vibrant commercial/retail precinct of Hobart Road Kings Meadows.

Lease detail s are as follows:

- Lease Term - 5 years
- Lease Commences - at completion of sale
- Options - 3 further terms of 5 years
- Initial Rent - $100,000 pa
- Outgoings - lessee to pay- rates, land tax & GST

Full details are available from David Webster 0419 516 629 or from conjunction agents CB Richard Ellis - David Cohen 0419 888 867 or Scott Orchard 0425 760 712

Expressions of Interest Close 2pm, 3rd June 2009.