VERSATILE PROPERTY MIX - Prominent Main Road Frontage
SECURE LEASE-BACK
Landmark location this extensive site is occupied by and known as the 'Roberts Prospect Rural Merchandise Store' and is being sold with secure lease-back arrangements.
Consider this;
* Prominent exposure to Westbury Road on the Bass Highway intersection linking Prospect and the greater Launceston region;
* Located in a mixed industrial/ commercial/warehouse precinct on the western fringe of the City of Launceston and within close proximity to a popular strong growth residential area, schools and sporting grounds;
* Zoned 'Light Industrial' this freehold property is all on one Title with total land area measuring approximately 5,155m2 and total building GLA 1,682m2;
* Versatile Property Mix comprising front Retail Showroom and Offices, Bulk Store, Rear Workshop, Chemical Store, Amenities, 1st Floor Offices & Under-cover Drive-through plus extensive hardstand parking area & additional site access to Harley Parade & additional staff parking;
* 5 Year Lease Term + 5 Year Option to extend until 2028;
* Annual CPI Increases capped @ 3%; the Lessee is responsible for payment of all statutory outgoings and normal day-to-day running costs for the business operation;
* This exceptional passive investment opportunity is a rare offering and will provide a competitive market yield while also securing a quality 'blue-chip' tenant.

For Sale by Expression of Interest Closing 5.00pm Friday 3rd August, 2018
The Vendor reserves the right to sell the property prior to the Closing Date
Inspection strictly by appointment only
All enquiries contact John Barwick of Roberts Commercial Hobart