Holding a highly recognisable position fronting Westbury Road, in South Launceston and fully leased to one of Australia's leading data-storage companies, ZircoData, this contemporary and expansive warehousing property would likely advantage most individual or institutional investment portfolios.
Secured by a lease until October 2026, the property has a gross building footprint of approx 1,736 sqm, (GLA 1,907 sqm) together with a valuable land-holding of 3,477 sqm.
Of low maintenance construction materials and benefitted by over 50 metre frontage to one of Launceston's busiest arterial roads, plus being some 3 km's to the CBD, the property will remain strategically positioned.
ZircoData is a "privately owned records and information management company providing services throughout Australia" with some 13 sites and representation in all states and territories.
The strong lease covenant currently generates a rental income of approximately $156,662 pa (plus GST and outgoings), thereby establishing the property as a paramount investment vehicle.
For Sale by offers in excess of $1.95 million