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Sold on 9 Apr 2019

Property/330-336 Invermay Road, Mowbray TAS 7248

  • Retail
  • Floor Size1,392 m²
  • PriceSold

ST. Vincent de Paul (Vinnies) Anchored Investment - 8.0% return

&#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.

Property Highlights

Property ID2015006986
Date Sold9 Apr 2019
Floor Area1,392 m²
Land Area3,490 m²
ParkingAsk Agent
Category
Last updated  9 Apr 2019
Map for Property/330-336 Invermay Road, Mowbray TAS 7248
Knight Frank Launceston
54 Cameron Street Launceston TAS 7250

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