Knight Frank is pleased to offer for sale, a prominent asset, subject to a strong lease covenant to a leading Tasmania based construction company, Vos Construction & Joinery Pty Ltd. 42 Appledore Street, Miandetta (a suburb of Devonport) provides a well-positioned workshop and office facility, established on a significant land parcel of some 5,554 sqm (approx).
The property is ideal for investors seeking a fully leased, strategically positioned, workshop and office facility, situated on a valuable landholding which has identifiable 'future-use'?? development potential (STCA) provided by its zoning as 'General Residential' under the Devonport Interim Planning Scheme 2013.
- A dominant location close to Devonport and major road networks
- A predominantly level landholding, with improvements beneficial to the Lessee's operation
- Fully leased on a 5+5 year term commenced 1 November 2017
- Lessee pays all statutory outgoings. Council rates; Land Tax (single holding), Taswater.
- Current net passing income $122,186.91 (before owner's outgoings)
- A 'General Residential' landholding with identifiable 'future-use' development potential (STCA)
For further details or to inspect, please contact Nicholas Bond or David Webster of Knight Frank.
