151 Hobart Road Kings Meadows TAS 7249

Located on the incredibly high profile Hobart Road, in Launceston's premier suburban shopping district with parking at the front door (and rear), 151 Hobart Road is positioned within close proximity to strong operators such as McDonalds, Coles, CBA, ANZ, Woolworths and Banjo's to name a few. Currently configured as four tenancies, the majority of the property is leased, providing strategic buyers with respectable cashflow from day 1. Once the rear office is leased, projected return is anticipated to be a healthy 8%, alternatively of course, the rewards are clear if buyers reposition the leases or owner-occupy in such a valuable location.

Features include:
- High profile location close to McDonalds
- Excellent signage opportunities to busy intersection
- Spread risk across four tenancies or reposition
- Close to major arterials and Launceston Airport
- 371m2 building area, 667m2 title area
- 'General Business' zoning overlay suitable for retail, offices or food services
- Fully leased income potential of $66,082pa excl. GST

For further details contact Joel Harwood or Blake Shepherd.