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Knight Frank - Launceston
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Tasmanian State Government, 171 Westbury Road Prospect, TAS 7250

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Tasmanian State Government, 171 Westbury Road Prospect, TAS 7250

Offices • Warehouse, Factory & Industrial • Development Sites & Land
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Land area

1.63ha (4.04 acres)

Floor area

3992.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

16 May 2019

Leased to Tasmanian State Govt - Major Government Office Complex

  • Office Complex on Large Landholding
  • Neighbouring Govt Owned Laboratories
  • Record Low Office Vacancies in TAS
90% of income secured by lease to 2028 + option
Balance of the lease to 2023 + option WALE 9.2 years
Significant 16,330 sqm landholding with 101 car spaces
Important facility leased to Tasmanian Department of Primary Industries, Parks, Water & Environment and Department of State Growth
Well presented buildings totalling 3,992 sqm including brand new 550 sqm warehouse storage facility
Strategic location within Tasmanian Government precinct adjoining Government owned office and laboratories
Greater Launceston: The major city servicing Tasmania’s north with population in excess of 110,000
Net Rent: $508,184 pa (Estimated as at July 2019)

Auction 11am AEST Wednesday 15 May 2019
River Room, Crown Casino, Melbourne

Property ID: 503171754Last Updated: 20 Jun 2019

Knight Frank - Launceston
Tasmanian State Government, 171 Westbury Road
Prospect, TAS 7250
Rob Dixon
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
Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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Rob Dixon

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Rob Dixon
Knight Frank - Launceston
Tasmanian State Government, 171 Westbury Road Prospect, TAS 7250

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

Kind Regards,

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