319-321 Wellington Street,
Launceston, TAS 7250
Shops & Retail
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Map of 319-321 Wellington Street
High Yielding Retail Investment with Immense Exposure
An outstanding opportunity to secure this substantial high profile commercial asset Leased to CH Smith Marine retail store and Dive Centre located in a strategic pocket of Wellington St opposite Hungry Jacks, Caltex Service Station and Highway on/off ramp.
Featuring circa 590m2 of high clearance, clear span retail space with parking at the door, 115m2 separate building fronting Wellington Street and significant 465m2 basement storage area accessed via invaluable right of way from Eardley St.
The configuration of the property offers investors potential for future multiple tenancies with the landlord currently retaining the right to access part basement storage area.
- Partway through long 3 + 3 + 3 + 3 year lease commencing September 2011 with three year renewal from September 2017
- Substantial building frontage providing ideal tenant signage
- High yielding investment - circa 8%
- Tenant pays 100% of all usual outgoings including Land Tax
Net rental from settlement of $65,600pa + GST
(assuming 2.3% CPI increase in Sept)
For further details contact Blake Shepherd
Featuring circa 590m2 of high clearance, clear span retail space with parking at the door, 115m2 separate building fronting Wellington Street and significant 465m2 basement storage area accessed via invaluable right of way from Eardley St.
The configuration of the property offers investors potential for future multiple tenancies with the landlord currently retaining the right to access part basement storage area.
- Partway through long 3 + 3 + 3 + 3 year lease commencing September 2011 with three year renewal from September 2017
- Substantial building frontage providing ideal tenant signage
- High yielding investment - circa 8%
- Tenant pays 100% of all usual outgoings including Land Tax
Net rental from settlement of $65,600pa + GST
(assuming 2.3% CPI increase in Sept)
For further details contact Blake Shepherd
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
04178208...
319-321 Wellington Street
Launceston, TAS 7250
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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