1-15 St.John Street Launceston TAS 7250

Fully leased with net leases to four high profile national and multinational tenants.
WALE of 7 years.
Outstanding tenant mix including Super Cheap Auto, Rabobank, Beacon Lighting and Ray's Outdoors.
69% of the net income is underwritten by ASX listed Super Retail Group Limited.
Attractive annual income growth via 3.5% rent reviews (Rabobank CPI).
Prominent site with three street frontges in strategically accessible CBD location.
Strong bulky goods precinct opposite Spotlight, Anaconda and in close proximity to Harvey Norman plus new Bunnings and Officeworks nearby.
On title parking for 59 cars.
Recently refurbished building offering significant tax depreciation benefits.
Easily managed secure and multiple income stream with tenants paying all usual outgoings.
Value add/subdivision opportunity (STCA).
Net income $847,629pa (as at July 2015).

For Sale by Expressions of Interest Closing 3pm Thu 16 Apr 2015

Darren Beehag 0411 226 223
Graeme Watson 0419 717 171

CO-AGENT
Shepherd & Heap
Ian Singline 0419 820 820