Property/330-336 Invermay Road Mowbray TAS 7248

&#xD&#xD Holding one of the best main road frontages in Mowbray, the academic suburb of Launceston, this property is the home and retailing face of Vinnies in the north of Tasmania.

Having recently undergone extensive renovations and fitout for Vinnies use, the property shows as a low maintenance vehicle to satisfy most investment portfolios.

- Lease to St. Vincent de Paul Society

- Lease commenced 1 Feb 2017

- Tenure, 5 year, plus options

- Vinnies pay 95% outgoings

- Additional rent from 2 bedroom flat ($330 per week)

- Estimated net rent, 1 Feb 2019 $116,247*

- Land area 3,490 sqm (approx)

- 51 metre main road frontage

- Fully sealed on-site parking

For Sale at $1.45 million - 8.0% return

*approx.