Red Cross, 403-407 Invermay Road,
Mowbray, TAS 7248

Securely leased to Australian Red Cross Society, this offices and retailing property dominates one of the busiest corner sites in Mowbray, a diverse commercial, retail, educational and residential suburb of greater Launceston.

Strategically and accessibly situated fronting Invermay Road at the Haig Street and Beatty street intersection, the property holds a site area of 1,160 sqm over two Titles, with the valuable benefit of on-site parking.

Red Cross utilises all of the expansive 620 sqm building configured to high quality, single level offices, together with its "charity shop" retailing floor. Both are exposed to high volumes of foot and vehicular traffic, which enhances the location.
Red Cross Society has been in "residence" since 2010. The current five year lease term commenced May 2019 and is followed by two option terms of three years each.
The current rent, net of outgoings, is $98,396, with a CPI review due end April 2022.

With the benefit of such a respected Tenant, the dominating position of the premises, together with valuable on-site parking, 403 - 407 Invermay Road, Mowbray would undoubtedly enhance most property investment portfolios.