330-336 Invermay Road Mowbray, TAS 7248
Tenanted Investment Details
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
Property ID: 503043370Last Updated: 15 Feb 2019