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Knight Frank - Launceston
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330-336 Invermay Road Mowbray, TAS 7248

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For Sale

330-336 Invermay Road Mowbray, TAS 7248

Shop & Retail • Showrooms & Bulky Goods
Sale Price

$1,450,000

Excl. GST

Floor area

1392.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$116,247
Number of Tenants
1 Tenant
Tenants / Type
Retail and Showroom

ST. Vincent de Paul (Vinnies) Anchored Investment - 8.0% return

Holding one of the best main road frontages in Mowbray, the “academic” suburb of Launceston, this property is the home and retailing face of “Vinnies” in the north of Tasmania.

Having recently undergone extensive renovations and fitout for “Vinnies” use, the property shows as a low maintenance vehicle to satisfy most investment portfolios.

- Lease to St. Vincent de Paul Society

- Lease commenced 1 Feb 2017

- Tenure, 5 year, plus options

- Vinnies pay 95% outgoings

- Additional rent from 2 bedroom flat ($330 per week)

- Estimated net rent, 1 Feb 2019 $116,247*

- Land area 3,490 sqm (approx)

- 51 metre main road frontage

- Fully sealed on-site parking

For Sale at $1.45 million - 8.0% return

*approx.

Property ID: 503043370Last Updated: 15 Feb 2019

Knight Frank - Launceston
330-336 Invermay Road
Mowbray, TAS 7248
Rodney Rawlings
David Webster

Knight Frank - Launceston

54 Cameron Street
LAUNCESTON, TAS 7250

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Knight Frank - Launceston

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Knight Frank - Launceston

54 Cameron Street
LAUNCESTON, TAS 7250
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Rodney Rawlings

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Rodney Rawlings
Knight Frank - Launceston
330-336 Invermay Road Mowbray, TAS 7248

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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