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Shop 2/111-113 St John Street
Launceston TAS 7250
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Sold on 6 Apr 2016

Shop 2/111-113 St John Street Launceston TAS 7250

  • Shop & Retail
  • 230 m²
  • Sold

Subsidiary of Emirates Group - Longstanding Tenant 10+ Years

Secure 7 year lease to March 2022 plus options to 2032.
Hudsons Coffee: A wholly owned subsidiary of Emirates Group, Dubai Government owned with annual turnover US$18.4 Billion.
Annual CPI (max 4%) reviews with market review upside.
Tenant pays all usual outgoings including single holding land tax.
Substantial retail shop of 230 sqm with recent major fit out upgrades in 2015 providing depreciation benefits.
Single tenant minimum management investment.
Launceston: Tasmania's largest northern city with a growing trade catchment over 140,000 people.
Rent: $61,088 pa.

Auction 11am AEDT Wednesday 6 April.
River Room, Crown Casino Melbourne.

Property Highlights

Date Sold6 Apr 2016
Floor AreaAsk Agent
Land Area230 m²
ParkingAsk Agent
Property ID2012657168
Category
Last updated  4 Oct 2016
Map for Shop 2/111-113 St John Street Launceston TAS 7250

Property Highlights

Date Sold6 Apr 2016
Floor AreaAsk Agent
Land Area230 m²
ParkingAsk Agent
Property ID2012657168
Category
Last updated  4 Oct 2016

Co-Agents

Blake Shepherd
Blake Shepherd
Shepherd & Heap Estate Agents
Call
0417 820 820
Ian Singline
Ian Singline
Shepherd & Heap Estate Agents
Call
0419 820 820

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