10 Merino Street,
Launceston, TAS 7250

Warehouse, Factory & Industrial

Key property information

Land area

Floor area

Property extent

Tenure type

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Map of 10 Merino Street

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Long Term Lease, National Tenant

Leased to a subsidiary of Metcash Limited trading as Home Frame & Truss for 7 years with a further 3 terms of 5 years each. Outgoings payable by the tenant include Rates, Tas Water, Land Tax and Landlords Insurance. In addition to this the tenants repair and maintenance obligations are extensive. The building area is 3,025m2 and the total site area is 6,570m2. Well appointed, well presented and easily accessed via 4 roller doors the warehouse has 3 phase power, excellent natural and artificial light and good quality air-conditioned offices, toilets and kitchen / lunch room facilities. the yard is sealed and security fenced. This is a great chance to secure a tenanted investment property with a long term lease in place and a national tenant.

Launceston, 7250 demographic data

The median household income for Launceston is $1,439, 17% higher than Regional Tasmania's household income of $1,225. Launceston has a younger age profile compared to the rest of Regional Tasmania (median age 41 vs 45). Property ownership data shows 34% of property owners in Launceston have a mortgage.

3,110

Population

$1,439 per week

Median household income

41 years

Median age

Renters

Most residents

Families

Most households