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Shepherd & Heap Pty Ltd - LAUNCESTON

Lot 3, 32 Elouera Street Riverside, TAS 7250

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Lot 3, 32 Elouera Street,
Riverside, TAS 7250

Offices

Price information

Sold

$835,000

Key property information

Land area

Floor area

Car spaces

Parking info

Sold on

Shepherd & Heap Pty Ltd - LAUNCESTON
Joel Harwood
Blake Shepherd

Shepherd & Heap Pty Ltd - LAUNCESTON

49 Cameron Street
LAUNCESTON, TAS 7250
Shepherd & Heap Pty Ltd - LAUNCESTON
Lot 3, 32 Elouera Street
Riverside, TAS 7250

Map of Lot 3, 32 Elouera Street

Directions

High Income Earner – Leased To Church Organisation To 2037 Including Option - 8.25+% Net Return

Tailrace House is located within the popular Tailrace Centre benefitting from West Tamar Highway frontage whilst being only 7 minutes from Launceston’s CBD. Underpinned by a secure 10 + 10 year lease to May 2037 with guarantee from New Directions Community Church Inc.

Currently configured into 9 well appointed individual offices, most of which are sublet to like minded businesses in strong health and welfare sector spreading investment risk.

Features include:
- Long 10 + 10 year lease from May 2017
- Solid brick construction
- 215m2 approx. building area
- Large 937m2 title area
- 65 bay car park (common property)
- Current net rental: 70,980pa excl. GST

For further details contact Blake Shepherd or Joel Harwood.

Property ID: 504593188Last Updated: 5 Aug 2024

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