86 Invermay Road,
Invermay, TAS 7248
Shops & Retail • Warehouse, Factory & Industrial
Key property information
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Elders Real Estate - Launceston
54 Cameron StreetLAUNCESTON, TAS 7250
86 Invermay Road
Invermay, TAS 7248
Map of 86 Invermay Road
Maximum Profile - Invermay Road - Vulcan Steel
- Leased to Vulcan Steel (Aus) Pty Ltd
- 1,324 sqm* building area
- 2,635 sqm* site area with parking
Elders Commercial is pleased to offer 86 Invermay Road, Invermay for sale. A highly versatile commercial property positioned in the heart of the Invermay Commercial Precinct.
The property is leased to Vulcan Steel (Australia) Pty Ltd, which is a wholly owned subsidiary of Vulcan Steel Limited, a publicly listed company on both the ASX and NZX (ASX/NZX: VSL).
Occupying a prominent position on Invermay Road, the property comprises a 1,324 sqm* building with good internal clearance, set on a substantial 2,635 sqm* landholding. The flexible Local Business zoning and adaptable improvements provide strong appeal to a range of users, with excellent accessibility off Invermay Road and the wider arterial road network.
Key Property Highlights:
+ Leased to Vulcan Steel
+ 1.90 year WALE with rental upside
+ Net Income: $158,705 p.a.
+ 1,324 sqm* building area
+ Comprises two distinct tenancies with future opportunity for owner occupation or holding income pending further development
+ Appeals to owner occupiers, investors and developers
+ 2,635 sqm* site area with parking fronting Invermay Road
+ Local Business Zoned to accommodate a broad range of commercial uses
Please contact one of the listing agents for more information or to arrange a site inspection.
*Approximate
The property is leased to Vulcan Steel (Australia) Pty Ltd, which is a wholly owned subsidiary of Vulcan Steel Limited, a publicly listed company on both the ASX and NZX (ASX/NZX: VSL).
Occupying a prominent position on Invermay Road, the property comprises a 1,324 sqm* building with good internal clearance, set on a substantial 2,635 sqm* landholding. The flexible Local Business zoning and adaptable improvements provide strong appeal to a range of users, with excellent accessibility off Invermay Road and the wider arterial road network.
Key Property Highlights:
+ Leased to Vulcan Steel
+ 1.90 year WALE with rental upside
+ Net Income: $158,705 p.a.
+ 1,324 sqm* building area
+ Comprises two distinct tenancies with future opportunity for owner occupation or holding income pending further development
+ Appeals to owner occupiers, investors and developers
+ 2,635 sqm* site area with parking fronting Invermay Road
+ Local Business Zoned to accommodate a broad range of commercial uses
Please contact one of the listing agents for more information or to arrange a site inspection.
*Approximate
Invermay, 7248 demographic data
The median household income for Invermay is $1,128, 8% lower than Regional Tasmania's household income of $1,225. Invermay has a younger age profile compared to the rest of Regional Tasmania (median age 33 vs 45). Property ownership data shows 48% of property owners in Invermay have a mortgage.
3,498
Population
$1,128 per week
Median household income
33 years
Median age
Renters
Most residents
Families
Most households
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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