Chemist Warehouse, 98 Wellington Street,
Launceston, TAS 7250

Shops & Retail • Offices • Showrooms & Large Format Retail

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Map of Chemist Warehouse, 98 Wellington Street

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Chemist Warehouse - High Profile Investment Opportunity

National Tenant on New Lease
Prominent 876 sqm Building
Huge Exposure, 15m frontage

Chemist Warehouse, Australia’s largest pharmacy chain with approximately 300 stores
New outlet on full term lease + options to 2030 with fixed 3% pa increases
Smaller second tenancy to JBC Sports Power on a 14 year lease including options to 2025 with annual CPI reviews
Well maintained and updated 876 sqm building with rear access
Major arterial corridor and strong inner city business locale with Coles, Fantastic Furniture, Godfreys, Woolworths, Bursons, BWS etc
Launceston: important regional city with a catchment population of approximately 130,000
Rent: $71,955 pa

Auction 11am AEDT Wednesday 7 December 2016
River Room, Crown Casino, Melbourne

Launceston, 7250 demographic data

The median household income for Launceston is $1,439, 17% higher than Regional Tasmania's household income of $1,225. Launceston has a younger age profile compared to the rest of Regional Tasmania (median age 41 vs 45). Property ownership data shows 34% of property owners in Launceston have a mortgage.

3,110

Population

$1,439 per week

Median household income

41 years

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