9 George Town Road,
Newnham, TAS 7248
Shops & Retail • Other
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$809,000
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Shepherd & Heap Pty Ltd - LAUNCESTON
49 Cameron StreetLAUNCESTON, TAS 7250
9 George Town Road
Newnham, TAS 7248
Map of 9 George Town Road
A Rare Commercial & Residential Combination - Four Tenancies - Buy on Near 7% ROI
Shepherd & Heap is delighted to present to the open market 9 George Town Road, a prime multi-tenanted investment property boasting an exceptionally strong letting history. Headlining the tenant directory board (for over 20 years) is the popular Wash n Tumble laundry operation complemented by two well let, two bedroom residential apartments above.
Key investment highlights and property features include:
- multi tenancy mixed use investment with upside, limited downside risk
- fully leased, established business as anchor tenant on 5 + 5 + 5 year leases
- brand new commercial leases up to 2037 including options
- excellent onsite parking - 5 customer bays at the front, 4 undercover bays at rear
- thriving local business precinct in major northern suburb growth locale
- Australian Maritime College and University of Tasmania campuses virtually next door
- passing net rental income approx. $55,323pa
Positioned in a strategic growth corridor of Newnham, 9 George Town Road amongst major drawcards including United Petroleum, AMC/UTAS Campus (planned redevelopment of more than $50m), TasTAFE, Northern Suburbs Recreation Hub ($46m redevelopment works in progress) and Mowbray Golf Club.
For Sale By EOI Offer - Contact Ian Singline for further details
Key investment highlights and property features include:
- multi tenancy mixed use investment with upside, limited downside risk
- fully leased, established business as anchor tenant on 5 + 5 + 5 year leases
- brand new commercial leases up to 2037 including options
- excellent onsite parking - 5 customer bays at the front, 4 undercover bays at rear
- thriving local business precinct in major northern suburb growth locale
- Australian Maritime College and University of Tasmania campuses virtually next door
- passing net rental income approx. $55,323pa
Positioned in a strategic growth corridor of Newnham, 9 George Town Road amongst major drawcards including United Petroleum, AMC/UTAS Campus (planned redevelopment of more than $50m), TasTAFE, Northern Suburbs Recreation Hub ($46m redevelopment works in progress) and Mowbray Golf Club.
For Sale By EOI Offer - Contact Ian Singline for further details
Property ID: 504116895Last Updated: 4 Jul 2023
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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