330-336 Invermay Road,
Mowbray, TAS 7248
Shops & Retail • Showrooms & Large Format Retail
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Knight Frank - Launceston
54 Cameron StreetLAUNCESTON, TAS 7250
330-336 Invermay Road
Mowbray, TAS 7248
Map of 330-336 Invermay Road
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.
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 Nov 2021
Knight Frank - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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