157 Brisbane Street Launceston TAS 7250

A superb investment offering, two securely leased retail shops in Brisbane Street, Launceston's premier retail strip and less than 100 metres from The Mall. Within a strong business locale and high footfall area the offering is in the best of company with Village Cinemas next door plus Target, KFC, Country Road, ZAP Fitness and Michael Hill Jewellers all surrounding the property.

Investment features include:
New leases from 2019 - Aussie Convenience 10 + 5 years and Case by Case 5 + 5 years
Bank guarantee/security bond in place on each tenancy
Net lease structures with tenants paying statutory outgoings including Council rates and Land Tax
Compounding 3% and 3.5% rent increases
Modern shopfront style tenancies, self contained and excellent presentation
175 sq. metre building area
$57,312pa current net income

One of the best commercial investment opportunities currently in the local marketplace, certainly one to consider.

For further details call Ian Singline