Repco, 3/6 Innes Street,
Launceston, TAS 7250
Shops & Retail • Other
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Shepherd & Heap Pty Ltd - LAUNCESTON
49 Cameron StreetLAUNCESTON, TAS 7250
Repco, 3/6 Innes Street
Launceston, TAS 7250
Map of Repco, 3/6 Innes Street
Renewed 5 Year Lease to Global Auto Giant Subsidiary
- Fixed 3% Annual Rent Increases
- Subsidiary of US$22+ Billion Auto Giant
- Opposite Launceston Plaza - Coles/Kmart
Burgess Rawson in conjunction with Shepherd & Heap Estate Agents are pleased to offer to the market, Unit 3, 6 Innes Street, Launceston TAS for sale via our Investment Portfolio Auction 162.
This opportunity has the following key investment highlights:
+ One of Tasmania's leading Repco stores
+ Renewed 5 year lease plus 5 year option through 2033
+ Tenant pays all outgoings including Land Tax & Building Insurance
+ Fixed 3% increases
+ Genuine Parts Co (NYSE:GPC): US$22+billion Market Cap, US $22 billion annual sales across 17 countries and 10,545 locations
+ Immaculate modern 801sqm building
+ Important 37 car spaces on site including 3 on title
+ Super location opposite Launceston Plaza (Coles, Kmart) & Chemist Warehouse, next to Mitre 10 and close to $250m+ UTAS development
+ Net Income: $225,000 (from 1 August 2023)
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 2 August 2023
Crown Casino, Melbourne
This opportunity has the following key investment highlights:
+ One of Tasmania's leading Repco stores
+ Renewed 5 year lease plus 5 year option through 2033
+ Tenant pays all outgoings including Land Tax & Building Insurance
+ Fixed 3% increases
+ Genuine Parts Co (NYSE:GPC): US$22+billion Market Cap, US $22 billion annual sales across 17 countries and 10,545 locations
+ Immaculate modern 801sqm building
+ Important 37 car spaces on site including 3 on title
+ Super location opposite Launceston Plaza (Coles, Kmart) & Chemist Warehouse, next to Mitre 10 and close to $250m+ UTAS development
+ Net Income: $225,000 (from 1 August 2023)
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 2 August 2023
Crown Casino, Melbourne
Property ID: 504354304Last Updated: 7 Feb 2024
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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