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171 Westbury Road
Launceston TAS 7250
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Sold on 2 Aug 2022

171 Westbury Road Launceston TAS 7250

  • Shop & Retail
  • 3,023 m²
  • Sold

GOVERNMENT LEASED INVESTMENT

  • 5.5 YEAR WALE
  • 16,330sqm* LANDHOLDING
  • NET INCOME OF $549,864 P.A.*

CBRE is offering for sale 171 Westbury Road, Prospect (Launceston) via expressions of interest. The property is fully leased to a major Government department and is just 3.5km* from the Launceston CBD.

Key property details include:

+Net income of $549,864 p.a.*

+5.5 year WALE + options to 2033 and 100% occupied by Government department

+16,330sqm* landholding with 38m* of highway exposure and an abundance of car parking

+Substantial tenant fit-out across a total building area of 3,023sqm* including recently constructed warehouse facility

+Excellent tax saving depreciation benefits for an incoming investor

+Tasmania is experiencing surging economic success and is recognised as the country's best performing economy

For further information or to arrange an inspection please contact the selling agents:

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au

Jaycen Willox
+61 418 378 007
jaycen.willox@cbre.com

*Approx.

CBRE
CBRE
Level 34,
Melbourne, VIC 3000

Property Highlights

Date Sold2 Aug 2022
Floor Area3,023 m²
Land Area1.63 ha
EnergyAsk Agent
ParkingOn site parking available
Property ID2017879130
Category
Last updated  29 Aug 2022
Map for 171 Westbury Road Launceston TAS 7250

Nearest transport* to 171 Westbury Road Launceston TAS 7250

Bus
No.167 Westbury Rd75 m
No.176 Westbury Rd85 m
No.143 Westbury Rd (Opp. Prospect St)255 m
No.140 Westbury Rd314 m
Data source: Metro Tasmania Pty Ltd (Metro)
*Within a 4km radius
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CBRE
CBRE
Level 34,
Melbourne, VIC 3000

Property Highlights

Date Sold2 Aug 2022
Floor Area3,023 m²
Land Area1.63 ha
EnergyAsk Agent
ParkingOn site parking available
Property ID2017879130
Category
Last updated  29 Aug 2022

Listed by

Scott Hawthorne
Scott Hawthorne
CBRE
Call
0400861048

More about 171 Westbury Road Launceston TAS 7250

171 Westbury Road Launceston TAS 7250 is categorized as Shop & Retail Property. It has a floor area of 3,023 m² and a land area of 1.63 ha. The listing ID for this property is 2017879130.

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