41 Cecilia Street St Helens TAS 7216

Located with an excellent profile in the centre of town, 41 Cecilia Street provides investors solid exposure to the popular St Helens market.

Occupying a site area of 525m2 with a building area of some 321m2, the property is divided into three leased areas overall.

Bendigo Bank are the existing anchor tenant-and will commence a new five-year term in February of 2023. Adjacent to the Bendigo bank entry is a second ATM leased by banking services provider Prosegur on a three-year lease that commenced in August this year. The third tenancy, currently occupied by a real estate firm, will be occupied by local gallery operator with a new five-year term scheduled to commence in November this year.

With a current net rental of $65,287 rising to $70,762 by February 2023, the property presents as an enviable investment ideally suited to investors or SMSF's.

The property is for sale by Expressions of Interest which closes on Friday 18 November 2022

For further information please contact Nick Oliver