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19 Marlborough Street Longford, TAS 7301

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19 Marlborough Street Longford, TAS 7301

Medical & Consulting
Sold Price

$495,000

Land area

721.0m²

Floor area

345.0m²

Parking info

Approximately 350m2

Property extent

Whole

Tenure type

Vacant Possession

Sold on

15 Jan 2019

Blue Chip Passive Income Earner

It does not get any simpler than this if you are after a secure, reliable income stream.
Freehold purpose-built pharmacy building; established 40-year business; securely leased on 5+5+5 lease and a well-cared for low maintenance building. The business is under-pinned by a strong local community requiring pharmacy services, general chemist/health/beauty products and extensive gift lines. Located in a high profile well-recognised location and supported by a busy local doctor's practice and aged care facility. The landlord can be confident of the security of an ongoing tenancy. The building offers a huge footprint (345m2) with retail space, dispensing area, consulting area plus staff facilities!
Flat, easy care block (721m2) with good off street parking and service/delivery access. Zoned "General Business"
Your investment at a glance:
* Freehold; fully leased pharmacy building
* Purpose built, brick, low maintenance; some 345m2 footprint
* Leased on 5 years plus (x2) 5-year options
* 18 months into first 5-year period annual rental income at commencement $42,000 (plus GST)
* Annual CPI increases
* Projected net return to the landlord of 8.5-9%
* Tenant pays all major outgoings: Annual rates, Vendors land tax, Water and sewerage
For all enquiries, please contact David Headlam of Roberts Real Estate Longford

Property ID: 503032498Last Updated: 15 Jan 2019

0363 *** ***
19 Marlborough Street
Longford, TAS 7301

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Roberts Licenced Properties - Hobart

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Roberts Licenced Properties - Hobart

172 Collins Street
HOBART, TAS 7000
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Roberts Regional North - Longford
Roberts Licenced Properties - Hobart
19 Marlborough Street Longford, TAS 7301

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

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  • Roberts Regional North - Longford

    Roberts Licenced Properties - Hobart
    0363 *** ***