19A Dowling Street Launceston TAS 7250

An exceptionally rare opportunity to secure this low-risk warehousing complex, featuring three separate warehouses on one clear title. Positioned just 1.5km from the Launceston GPO in a coveted and strategic pocket of the city ideal for distribution warehousing, lighter manufacturing or city retail storage.

Warehouse 1 will be sold with vacant possession, ready to move in or alternatively will conservatively lease for $35,000pa + Outgoings + GST

Warehouse 2 is coming to the end of the current 5 year lease term with a 5 year option thereafter. Strong income uplift is sure to occur should the tenant exercise its option or if the tenancy was re-leased.

Warehouse 3 has been extensively refurbished and features A grade office, along with full height warehousing, this tenancy is subject to a 3 + 3 + 3 year lease with current net rental income of $68,750pa + Outgoings + GST

The long term future of the site is bright and clear opportunities are available for those wanting to add value for further growth - certainly a property that must be considered.

For further details contact Blake Shepherd or Joel Harwood.