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Industrial Warehouse Investment - Fully Leased - Strong C...

2/10-14 Merino Street, LAUNCESTON TAS, 7250

For Sale

Property for Sale in 2/10-14 Merino Street, LAUNCESTON TAS, 7250

Listing ID:
11256089
Status:
Active
For:
Sale
Price:
Contact Agent
Last Updated:
21/01/2020
Icon building

Property Type

Industrial/Warehouse
Icon square

Land Area

3298 SQM
Icon size

Floor Area

1760 SQM
Icon parking

Parking

0

Industrial Warehouse Investment - Fully Leased - Strong Commercial Locale

Presenting as an opportune investment, this industrial warehouse facility of some 1760m2 is leased to an established state freighting group on a new 5 + 5 year term from October 2018. The property is strategically located in the popular Merino Street commercial precinct closes to the Kings Meadows Connector and is positioned on the doorstep of Tasmania's northern highway network.

- Current rental $91,800p.a assuming 2% CPI increase
- Enormous 3298m2 land area
- Rental growth potential
- Tenant pays all usual outgoings including building insurance and fire safety maintenance

2/10-14 Merino Street provides the astute investor with healthy 7% plus return on investment and should be worth serious consideration.

For further details please contact Ian Singline

For more details, please email agent

Shepherd & Heap

49 Cameron Street, Launceston, TAS 7250


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