Skip to main content
SearchBack to results

35 Legana Park Drive Legana TAS 7277

  • Factory, Warehouse & Industrial
  • 1,612 m²
  • For Sale, $1,800,000 (inc. GST)

Longstanding Tenant â Fully Let - Yield 7.4% Net

    Leased to single longstanding tenant McDermottâs Coaches who have been in occupation since 2011, the property comprises 4,000m2 of land and is extensively improved. Located at Legana Park Drive within the Riverside-Legana growth corridor here is an opportunity to secure a tenanted investment property with a long term tenant in place and offering versatility going forward. The current lease term runs to 2nd October 2022 with one 3 year option to follow. With a net yield of just over 7.4% the property comprises a front warehouse and office building separated into two workshop areas and at the rear is a residential one bedroom flat. There are three rear warehouses in total, external walls are tilt up concrete panel as are the sectional walls and all have their own amenities. Like the front warehouses, they have excellent roller door access and clearance. Adjoining is a two level building, the lower level providing tea room, amenities and office facilities for one of the three warehouses and the upper level is a second one bedroom flat. Security fenced, the yard area is extensive and is bitumen and concrete sealed offering excellent access and is ideal for parking buses in the tenantâs case along with great car parking. This is a property that suits continued occupancy by a single tenant or down the track could easily be leased as multiple tenancies or strata titled (subject to any approval being required secured) â up to 5 separate self contained light Industrial tenancies (excluding the flats) or strata lots ranging in size from circa 190m2 to circa 520m2. All this in an ever growing part of Greater Launceston and the Tamar Valley, âLegana is often cited as being the fastest growing area in Tasmaniaâ- source West Tamar Council. Here is an income generating asset where future potential is yet to be realised.

    The information on this website has in part been supplied to Humphreys Real Estate Pty. Ltd .by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties

    The information on this website has in part been supplied to Humphreys Real Estate Pty. Ltd. by third parties and Humphreys Real Estate Pty. Ltd. has not checked the accuracy of the information and does no more than pass it on.

    Property Highlights

    Property ID2016555473
    Floor Area1,612 m²
    Land Area4,000 m²
    ParkingOn site parking available
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Last updated  27 Oct 2020
    Map for 35 Legana Park Drive Legana TAS 7277
    Map for 35 Legana Park Drive Legana TAS 727735 Legana Park Drive Legana TAS 7277
    • Commercial loan calculator
    • powered by

    Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.

    • Purchase price


    • Deposit available


    • Loan term


    • Interest rate




    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Ground Floor, 30 Brisbane Street Launceston TAS 7250

    More Factory, Warehouse & Industrial for Sale in Legana TAS

    31A Churchill Park Drive Invermay TAS 7248
    For SaleFor sale: Offers Over $325,000
    31a churchill park drive,invermay, TAS 7248
    189 m²
    Factory, Warehouse & Industrial
    Whole property/80 Main Road Perth TAS 7300
    Expressions of Interest
    whole property/80 main road,perth, TAS 7300
    325 m²
    Factory, Warehouse & Industrial
    178 George Town Road Newnham TAS 7248
    For SaleFor Sale by Offer
    178 george town road,newnham, TAS 7248
    1,630 m²
    Factory, Warehouse & Industrial
    Contact Agent