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Shepherd & Heap Pty Ltd - LAUNCESTON

47-49 McKenzie Street Mowbray, TAS 7248

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47-49 McKenzie Street,
Mowbray, TAS 7248

Offices • Warehouse, Factory & Industrial • Development Sites & Land

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$890,000

Key property information

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Floor area

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Shepherd & Heap Pty Ltd - LAUNCESTON
Blake Shepherd
Joel Harwood

Shepherd & Heap Pty Ltd - LAUNCESTON

49 Cameron Street
LAUNCESTON, TAS 7250
Shepherd & Heap Pty Ltd - LAUNCESTON
47-49 McKenzie Street
Mowbray, TAS 7248

Map of 47-49 McKenzie Street

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Superior Income Producing Freehold with Upside

Displaying a large 1,754m2 title area, 47-49 McKenzie Street boasts immense upside with scope to develop to the rear and side of the title (s.t.c.a), primed for future warehouse construction to further maximise income potential.

The 380m2 main office warehouse envelope displays a well constructed showroom and office development on the ground level, plus first floor office and mezzanine maximising floor space out to 550m2.

Features include:
- 5 + 5 year lease from December 2020
- Annual CPI Increases and Market review at Option
- CSE Crosscom: a wholly owned subsidiary of Singapore Stock Exchange listed giant CSE Global Limited with a Market Cap of $259m
- Immense development upside through low building to land ratio
- Sought after central location with exposure to Northern Tasmanian Highway Network
- Flexible 'Commercial' zoning overlay in growth area
- Dual crossovers for ease of access and traffic flow
- Current holding income of $53,020pa net of statutory outgoings

For further details contact Blake Shepherd, Joel Harwood or Marcus Douglas.

Property ID: 504535468Last Updated: 12 Apr 2024

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