Corner Wellington, Balfour & Bathurst Streets,
Launceston, TAS 7250
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Tenure type
Map
A STRONG PERFORMING FREESTANDING COLES SUPERMARKET WITH A NET LEASE
- BLUE CHIP INVESTMENT LEASED TO COLES
- DOMINANT 2,164 SQM* FREESTANDING STORE
- PASSING NET INCOME OF $705,000* PA
CURRENTLY UNDER OFFER - PLEASE CALL 1300 666 888 for further opportunities.
---
A blue chip investment fully leased to, and guaranteed by, Coles Supermarkets Australia Pty Ltd
Dominant 2,164 sqm* store currently paying turnover rent and growing at more than 5% per annum*
Strategic multi frontage land holding of 5,590 sqm*, gaining excellent exposure to both Wellington (Midland Highway) and Bathurst Streets, the major North/South arterial routes through
Launceston
Highly convenient at-grade car park for 110 vehicles*, accessible via both major roads
Secure 15 year net lease + 2 x 5 year options
Passing net income of $704,835* per annum, which has shown consistent growth year on year, in line with trading performance
Justin Dowers
+61 438 098 805
Mark Wizel
+61 409 809 868
Rorey James
+61 439 400 081
---
A blue chip investment fully leased to, and guaranteed by, Coles Supermarkets Australia Pty Ltd
Dominant 2,164 sqm* store currently paying turnover rent and growing at more than 5% per annum*
Strategic multi frontage land holding of 5,590 sqm*, gaining excellent exposure to both Wellington (Midland Highway) and Bathurst Streets, the major North/South arterial routes through
Launceston
Highly convenient at-grade car park for 110 vehicles*, accessible via both major roads
Secure 15 year net lease + 2 x 5 year options
Passing net income of $704,835* per annum, which has shown consistent growth year on year, in line with trading performance
Justin Dowers
+61 438 098 805
Mark Wizel
+61 409 809 868
Rorey James
+61 439 400 081
Property ID: 501641041Last Updated: 6 Oct 2016
03 8621 33...
Corner Wellington, Balfour & Bathurst Streets
Launceston, TAS 7250
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Contact Agency
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
