2A Merino Street,
Kings Meadows, TAS 7249
Warehouse, Factory & Industrial
Key property information
Floor area
Tenure type
Sold on
Elders Real Estate - Launceston
54 Cameron StreetLAUNCESTON, TAS 7250
2A Merino Street
Kings Meadows, TAS 7249
Map of 2A Merino Street
Investment with State Government Lease
Strategically located warehouses on Merino Street connecting to major highways via Kings Meadows Connector.
The location is within proximity to the Kings Meadows Shopping precinct, representing Launceston's strongest suburban shopping area.
The property provides 2 separate warehouses and an adjoining office/amenities of some 1600 sqm* on a land area of 7,777 sqm*. The current Building/Site ratio of 20% will allow for further development of the site in the future.
Both warehouses provide clear span with minimum clearance of 4.8m & 3.8m respectively.
Currently leased to State Government until May 2029, the tenant has been occupying the premises since 2004.
The current Rental is $110,894 per annum + GST + Outgoings.
For Sale by Expressions of Interest Closing Thursday 18 July 2019 at 4pm.
*Approx
The location is within proximity to the Kings Meadows Shopping precinct, representing Launceston's strongest suburban shopping area.
The property provides 2 separate warehouses and an adjoining office/amenities of some 1600 sqm* on a land area of 7,777 sqm*. The current Building/Site ratio of 20% will allow for further development of the site in the future.
Both warehouses provide clear span with minimum clearance of 4.8m & 3.8m respectively.
Currently leased to State Government until May 2029, the tenant has been occupying the premises since 2004.
The current Rental is $110,894 per annum + GST + Outgoings.
For Sale by Expressions of Interest Closing Thursday 18 July 2019 at 4pm.
*Approx
Kings Meadows, 7249 demographic data
The median household income for Kings Meadows is $1,306, 7% higher than Regional Tasmania's household income of $1,225. Kings Meadows has a younger age profile compared to the rest of Regional Tasmania (median age 38 vs 45). Property ownership data shows 51% of property owners in Kings Meadows have a mortgage.
4,359
Population
$1,306 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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