Unit 1, 65 Albert Road,
Moonah, TAS 7009

Raine & Horne Hobart have pleasure in offering for sale a prize investment within the heart of the highly regarded and tightly held Moonah service industrial precinct. Comprising modern, versatile showroom-warehouse premises, the property has much to offer the discerning property investor given the existing lease covenants and exceptional utility provided in terms of location, exposure, design and accessibility.

Offered subject to a three year "lease back" of the ground floor by the property owner's company and an existing separate lease for the first floor offices, the property should have strong appeal for investors seeking a passive, fully leased, low maintenance acquisition within a modest price bracket.

Total rental income from completion of the sale of the property will be $52,000 per annum plus outgoings.

Raine & Horne Hobart has been instructed by the Vendor to offer the property FOR SALE BY AUCTION. The auction is scheduled for 12 noon, Thursday 30 September 2010 and is to be held at The Mercure Hotel, 156 Bathurst Street, Hobart.