190 Invermay Road, LAUNCESTON TAS 7250
Offers Over $1.25 million
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- Retail, Industrial / Warehouse
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- 18 Nov 2016
Invermay Road: Multi-tenancy investment - around 9.0% Yield
Incorporating two land titles and an expansive land area of approx. 2,266 sqm, this Invermay property has all the features expected of a comfortable investment vehicle.
Supporting three retail tenancies and five budget warehouses, the property, addressed as 190 Invermay Road, has an high exposure frontage to one of Launceston’s busiest thorough-fares and is valuably enhanced by plentiful, on-site parking.
The three retail tenancies, each with a floor area of some 100 sqm, are well established at the site and enjoy customer parking at the front doors.
The five warehouses range from 160 sqm to 386 sqm and are each self contained with own facilities, roller-door and PA door accesses.
The property has a solid history of sound rental income derived from both long-term and casual tenants.
Currently fully occupied, and with recently re-newed leases, net rent (after statutory outgoings) will be approximately $119,500 by 1 April 2017.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
190 Invermay Road LAUNCESTON