Outstanding investment/62 Charles Street Moonah TAS 7009

Knight Frank present to the market for sale the freehold property and buildings situated at 62 Charles Street, Moonah.

The large 1,320* sqm rectangular land parcel is situated in the heart of the Moonah Commercial and Light Industrial precinct and has high exposure to passing vehicular and pedestrian traffic.

The property is leased to reputable tenant, Global Autocoat who are an industry leading automotive body shop and supplier of paint. The property comprises two modern buildings with a total building area of 640* sqm. As you walk into the front building, you are met with a customer service area and showroom which is complemented by a substantial warehouse, two offices, bathroom and kitchen amenities.

The rear building is a modern warehouse with office, kitchenette, and bathroom amenities. This building benefits from a high ceiling of 5.6m* and ready-to-use 3-Phase power. Access to the rear warehouse is excellent with two large roller doors circa 4.8m high. A spacious 360* sqm hard stand area also benefits the property.

The current net income is $68,630 plus GST, reflecting $107/sqm across the total lettable area, suggesting that there is future rental upside.

For Sale by Expressions of Interest closing 9 December 2021 at 4:00 pm AEDT

*approx.