66-68 Melbourne Street South Launceston TAS 7249

Shepherd & Heap is delighted to present to the open market this superb commercial property, 66-68 Melbourne Street, a rare investment opportunity in the heart of South Launceston's thriving business quarter.

Occupying an impressive 3,113m2 title area this superb offering boasts in excess of 50 car spaces and hosts over 1,000m2 of building. The property also benefits from dual access via Melbourne Street and Pipeworks Road, allowing excellent ingress/egress for the many gym members. Securely leased to My Gym Tas; a well-established business in the popular health and wellbeing sector with a growing membership audience, My Gym Tas has operated from the site since 2010 renewing its lease for a further 5 years with a 5 year option thereafter.

Property highlights:
- 54 car spaces
- Substantial 3,113m2 title area
- Secure 5 + 5 year lease to popular tenant
- Brand new carpet througout
- Dual street access
- Flexible 'Commercial' zoning overlay
- Immense future development potential
- Tenant pays all usual outgoings
- Under rented at only $64 per square metre
- Current net rent: $66,000pa + GST

Shepherd & Heap recommends 66-68 Melbourne Street as a quality investment and is worthy of serious consideration for adding to or starting a quality investment portfolio with immense future upside.

For further details contact Ian Singline or Joel Harwood