Leased to GPC Asia Pacific Pty Ltd trading as Napa Auto Parts, 100% wholly owned subsidiary of automotive giant General Parts Co - NYSE: GPC boasting annual 2022 turnover of $5b US.

Shepherd & Heap Commercial thoroughly recommend this impressive warehousing complex to all investors seeking a secure, low maintenance A grade asset located in an extremely tightly held industrial park just 2.5km to the Launceston CBD.

- High clearance warehouse 10m + to the ridge, circa 9m to eaves
- Pre cast panel dado with metal cladding above.
- Goods dispatch/receivables facility with awning
- Strong depreciation benefits for strategic tax minimisation (building circa 15years old)
- 5+5+5+5 year lease from 1 April 2022
- Compounding 2.5% annual increases
- Tenant pays rates, water, land tax, building insurance and owners corporation levies.
- $153,750pa net rental.

For Sale By EOI Closing 4pm Wednesday 12th April 2023.

For further details contact Blake Shepherd or Joel Harwood.