9/30 Innocent Street,
Launceston, TAS 7250

Warehouse, Factory & Industrial

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Map of 9/30 Innocent Street

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A terrific investment opportunity to lock away and forget

Knight Frank is offering 2 co-joined warehouses on a single Strata title. The commercial development is very well located in Kings Meadows, with a strong representation of local and national tenants and operators in the complex.

The building presents a secure single storey industrial building, built of conc tilt up panels. The building has a net lettable area of 250sqm (approx.) and car parking available on site.

Tuthill Agencies have been a long term tenant of their warehouse, with a strong well established business operating from the site.

The property is being offered subject to the following lease terms:

Commencement: 1 July 2017
Term: 3 years + 3 years
Rent: $35,155 pa + Outgoing (Lessee not registered for GST)
Review: Annually CPI

An opportunity to secure this well located warehouse on an attractive investment yield.

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

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Most households