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171 Westbury Road Launceston TAS 7250

  • Shop & Retail
  • 3,023 m²
  • For Sale, Contact Agent

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.

Property Highlights

Floor Area3,023 m²
Land Area1.63 ha
EnergyAsk Agent
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017879130
Category
Last updated  3 Aug 2022
Map for 171 Westbury Road Launceston TAS 7250

Property Highlights

Floor Area3,023 m²
Land Area1.63 ha
EnergyAsk Agent
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017879130
Category
Last updated  3 Aug 2022
Level 34, 8 Exhibition Street Melbourne VIC 3000
Nathan Mufale
Nathan Mufale
CBRE Melbourne
Scott Hawthorne
Scott Hawthorne
CBRE Melbourne
Jing Jun Heng
Jing Jun Heng
CBRE Melbourne

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