96-108 Galvin Street,
Launceston, TAS 7250

A rare opportunity to secure this expansive building in the popular South Launceston area with good exposure to large volumes of passing traffic along Wellington Street. The property comprises the re-roofed original factory building of approximately 2,300m2 with an internal minimum height of 4m along with the 920m2 warehouse extension to the east with a minimum internal height of 4.4m. Both structures include internal offices and amenities.

The building benefits from the large car parking area with up to 28 spaces and multiple roller door entry points for flexibility.

The property is zoned Commercial under the Launceston City Council Planning Scheme 1996 offering multiple options going forward and represents a strategic acquisition in the Launceston commercial market.

To be sold under lease to the sitting tenant with lease renewal commencing in December 2011 for a period of 3 + 3 + 3 years, a yield to the investor in excess of 10% is expected.

For further details please call Blake Shepherd on 0417 820 8...