Chemist Warehouse, 98 Wellington Street,
Launceston, TAS 7250
Shops & Retail • Showrooms & Large Format Retail
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Chemist Warehouse, 98 Wellington Street
Launceston, TAS 7250
Map of Chemist Warehouse, 98 Wellington Street
Chemist Warehouse - Renewed 5 Year Net Lease
- Australia's Largest Pharmacy Chain
- Fixed 3% Increases - assuring growth
- Central amongst Coles, Woolworths etc
+ Renewed Five (5) year lease to October 2025 plus option to 2030.
+ Chemist Warehouse: Australia’s largest pharmacy group with over 450 stores across Australia and Internationally.
+ Investor preferred net lease terms with Chemist Warehouse paying all usual outgoings as per lease.
+ Chemist Warehouse controls around 50% of Australia’s pharmacy market.
+ Generous fixed 3% annual rent increases assuring growth.
+ Important ‘Essential Service’ tenanted Investment.
+ High profile 526sqm ‘Commercial’ zoned site with 23,150* vehicles passing daily on average.
+ Commanding 885sqm three level freehold building including basement leased by JBC SportsPower.
+ Strategic CBD location amongst Coles x2, Woolworths, Dan Murphy’s & Fantastic Furniture.
+ Tasmania: leading the nation in key economic drivers, #1 in CommSec State of the State Report.
+ Launceston: capital of northern Tasmania experiencing record capital investment of $4.3B.
+ Estimated Net Rent: $83,200pa + GST (as at October 2021)
To be sold by Burgess Rawson Investment Portfolio Auction
Tuesday 10th August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
*RoadsTas
+ Chemist Warehouse: Australia’s largest pharmacy group with over 450 stores across Australia and Internationally.
+ Investor preferred net lease terms with Chemist Warehouse paying all usual outgoings as per lease.
+ Chemist Warehouse controls around 50% of Australia’s pharmacy market.
+ Generous fixed 3% annual rent increases assuring growth.
+ Important ‘Essential Service’ tenanted Investment.
+ High profile 526sqm ‘Commercial’ zoned site with 23,150* vehicles passing daily on average.
+ Commanding 885sqm three level freehold building including basement leased by JBC SportsPower.
+ Strategic CBD location amongst Coles x2, Woolworths, Dan Murphy’s & Fantastic Furniture.
+ Tasmania: leading the nation in key economic drivers, #1 in CommSec State of the State Report.
+ Launceston: capital of northern Tasmania experiencing record capital investment of $4.3B.
+ Estimated Net Rent: $83,200pa + GST (as at October 2021)
To be sold by Burgess Rawson Investment Portfolio Auction
Tuesday 10th August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
*RoadsTas
Property ID: 503865594Last Updated: 5 Oct 2021
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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