190 Invermay Road,
Launceston, TAS 7250
Shops & Retail • Warehouse, Factory & Industrial
Key property information
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Property extent
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Map of 190 Invermay Road
Invermay Road: Multi-tenancy investment - around 9.0% Yield
Incorporating two land titles and an expansive land area of approx. 2,266 sqm, this Invermay property has all the features expected of a comfortable investment vehicle.
Supporting three retail tenancies and five budget warehouses, the property, addressed as 190 Invermay Road, has an high exposure frontage to one of Launceston’s busiest thorough-fares and is valuably enhanced by plentiful, on-site parking.
The three retail tenancies, each with a floor area of some 100 sqm, are well established at the site and enjoy customer parking at the front doors.
The five warehouses range from 160 sqm to 386 sqm and are each self contained with own facilities, roller-door and PA door accesses.
The property has a solid history of sound rental income derived from both long-term and casual tenants.
Currently fully occupied, and with recently re-newed leases, net rent (after statutory outgoings) will be approximately $119,500 by 1 April 2017.
Supporting three retail tenancies and five budget warehouses, the property, addressed as 190 Invermay Road, has an high exposure frontage to one of Launceston’s busiest thorough-fares and is valuably enhanced by plentiful, on-site parking.
The three retail tenancies, each with a floor area of some 100 sqm, are well established at the site and enjoy customer parking at the front doors.
The five warehouses range from 160 sqm to 386 sqm and are each self contained with own facilities, roller-door and PA door accesses.
The property has a solid history of sound rental income derived from both long-term and casual tenants.
Currently fully occupied, and with recently re-newed leases, net rent (after statutory outgoings) will be approximately $119,500 by 1 April 2017.
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
190 Invermay Road
Launceston, TAS 7250
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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