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 Galaxy Nails 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
- 175m2 building area
- $61,118pa current net income

A true 'set and forget' commercial investment, offering long term growth and surety of income.

For further details contact Blake Shepherd