279 Invermay Road,
Launceston, TAS 7250

Presenting as a prime investment opportunity, this high profile showroom warehouse property is located on busy Invermay Road in a strong commercial precinct with Blackwoods, Reece Plumbing, Protector Safety, BOC and other major
businesses all represented in the immediate vicinity. The lease to Webster Bearings & Engineering Supplies (8 + 3 + 3 years from October 2004) is underpinned by parent company Inenco Pty Ltd for added security. The first 3 year option term has just been taken up and is effective from 14 October 2012 when a market review of the current $61,305 p.a rent applies - the rent is paid as a GST exclusive amount and with the tenant paying all usual outgoings in addition. Constructed of tilt-up concrete panels with a showroom front the building is some 378 sq metres in area plus a mezzanine level of approximately 130 sq metres. The corner site (938 sq metres) has good access, excellent parking and a 'Commercial' zoning for a wide range of business
uses. Construction of the building was undertaken in 2004 which provides the opportunity for an astute investor to establish Div. 40/43 depreciation allowances for a better after-tax return on this investment. FOR FURTHER DETAILS CONTACT IAN SINGLINE 0419 8208...