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Launceston, TAS 7250
Offices • Shops & Retail • Other
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PRIME KINGS MEADOWS INVESTMENT - MULTIPLE TENANCIES - 8.25% RETURN
Presenting as a superb investment opportunity, this property at 149 Hobart Road is right in the heart of Kings Meadows' fast developing
retail strip surrounded by strong and established businesses including Gloria Jeans, McDonalds and Cash Converters.
The property comprises three retail/commercial tenancies all under new leases (Bike Zone, Ci Simon and Tamar Chiropractic)
returning $45,760 p.a gross rent income and at $475,000 reflects a healthy 8.25% return (approx.).
The option is also available to purchase the adjoining property at $280,000. On a separate title (147 Hobart Road), this property
has a substantial 2/3 bedroom home of solid brick construction which could easily be converted for professional business office use or into two residential tenancies - the sunroom extension has separate bathroom for bedsitter or 'granny' type flat. At the rear of the site is a spacious car park area adding to the underlying value of this superbly situated property. CONTACT IAN SINGLINE 0419 8208... FOR FURTHER DETAILS.
retail strip surrounded by strong and established businesses including Gloria Jeans, McDonalds and Cash Converters.
The property comprises three retail/commercial tenancies all under new leases (Bike Zone, Ci Simon and Tamar Chiropractic)
returning $45,760 p.a gross rent income and at $475,000 reflects a healthy 8.25% return (approx.).
The option is also available to purchase the adjoining property at $280,000. On a separate title (147 Hobart Road), this property
has a substantial 2/3 bedroom home of solid brick construction which could easily be converted for professional business office use or into two residential tenancies - the sunroom extension has separate bathroom for bedsitter or 'granny' type flat. At the rear of the site is a spacious car park area adding to the underlying value of this superbly situated property. CONTACT IAN SINGLINE 0419 8208... FOR FURTHER DETAILS.
Property ID: 5533136Last Updated: 5 Dec 2013
04198208...
Address available on request
Launceston, TAS 7250
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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