616 West Tamar Highway,
Launceston, TAS 7250

Shops & Retail

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Map of 616 West Tamar Highway

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High Yielding Investment Property - $37,000 Net Rent

Three Tenancies - Shop, Office & Storage Shed

Located on a prominent corner 650m2 site at the doorstep to Legana - one of Launceston's fastest growing areas! A mixed use investment featuring takeaway shop, office and storage warehouse with a sum total of annual rental at just over $37,000 + GST with three tenants paying 100% of the rates, land tax and water.

Get ahead of the market and secure a property yielding circa 10% net with risk spread across three tenancies/leases, the office and storage area leased on a two year lease with options to 2021.

For further details please call 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

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