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Sold on 13 Jun 2019

170 Elizabeth Street Launceston TAS 7250

  • Shop & Retail
  • 3,469 m²
  • Sold

Launceston CBD - Long Lease to ASX-Listed Tenant

Auction Wednesday 3 April 2019 @ 11am
River Room, Crown Casino, Melbourne

Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures

Landmark position only 750 metres from Launceston GPO
Impossible to replicate in terms of scale and strategic position
Close to major Woolworths and Dan Murphy's
Extremely rare, almost entire city block, affording
4 major CBD frontages totalling 290 metres
Extensively redeveloped to exceptional standard and presentation
Launceston: Tasmania's 2nd largest city with 80,000+ people

Net income $883,423 pa + GST

AUCTION

Auction date and time03/04/2019 11:00
Auction location170 Elizabeth Street, Launceston TAS

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2014998785
Date Sold13 Jun 2019
Floor Area3,469 m²
Land Area7,428 m²
ParkingAsk Agent
Category
Last updated  27 Mar 2019
Map for 170 Elizabeth Street Launceston TAS 7250
Map for 170 Elizabeth Street Launceston TAS 7250170 Elizabeth Street Launceston TAS 7250
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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