Centrelink, 5 Techno Park DriveKings Meadows, TAS 7249
1.44ha (3.57 acres)
09 Aug 2019
Commonwealth Government Facility- Rare Net Lease with Guaranteed Growth
- 7 Year lease to July 2023 with options
- Centrelink call centre for 22+ years
- Recent tenant funded upgrades
Modern Centrelink call centre facility occupied by Federal.
Government since 1997.
Fixed annual 3.5% rent increases.
Rent for first year of further option period cannot be lower than the previous year’s rent.
Government pays all usual outgoings including Land Tax.
Well maintained 1,440 sqm building with recent upgrades and undergoing further Government funded improvements.
On-title parking for 110 car spaces.
Substantial 1.444ha site surrounded by complimentary tenants Westpac, TasRail and Forico.
Easily managed single tenant investment.
Launceston: capital of Northern Tasmania experiencing record capital growth with GDP of $4.3 billion.
A 4.5 Star NABERS Energy Rating
Net Income: $376,964 pa + GST
For Sale by Private Treaty
Property ID: 503253942Last Updated: 16 Sep 2019