2-4 Derby Street,
Launceston, TAS 7250
Warehouse, Factory & Industrial
Key property information
Land area
Floor area
Property extent
Tenure type
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Map of 2-4 Derby Street
Tenanted Investment, With "Value-Add" Potential
Strategically situated at the confluence of Derby Street and McKenzie Street in Invermay, the property (addressed as 2-4 Derby Street) produces a comfortable, "low maintenance", income stream derived from two significant "National" tenants.
With just over 7,500sqm on title, the property is a dominant "player" in the location and is highly visible to passing traffic.
Part occupied by J.J. Richards and Sons Pty Ltd (yard space only) the main improvement to the property is the premium quality 800sqm warehouse occupied by Atlas Steel (for some 20 years).
- Current passing net rent $116,892 (approx.)
- Lease to J.J. Richards and Sons Pty Ltd until 2023
- Lease to Atlas Steel - three year lease from 1 July 2017
- 1,311sqm fenced yard available to lease, or to further develop
In the current low-interest rate environment, well tenanted properties such as this will likely prove a beneficial acquisition.
For Sale by Expressions of Interest closing 9 November 2017.
*Vendor reserves the right to consider offers made prior to.
With just over 7,500sqm on title, the property is a dominant "player" in the location and is highly visible to passing traffic.
Part occupied by J.J. Richards and Sons Pty Ltd (yard space only) the main improvement to the property is the premium quality 800sqm warehouse occupied by Atlas Steel (for some 20 years).
- Current passing net rent $116,892 (approx.)
- Lease to J.J. Richards and Sons Pty Ltd until 2023
- Lease to Atlas Steel - three year lease from 1 July 2017
- 1,311sqm fenced yard available to lease, or to further develop
In the current low-interest rate environment, well tenanted properties such as this will likely prove a beneficial acquisition.
For Sale by Expressions of Interest closing 9 November 2017.
*Vendor reserves the right to consider offers made prior to.
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
2-4 Derby Street
Launceston, TAS 7250
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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