217 Westbury Road Prospect TAS 7250

Situated within the fully occupied Olde Tudor Neighbourhood Shopping Complex in Prospect, 217 Westbury Road is a very stable investment offering, boasting a brand new 5 + 5 + 5 year lease from March 2024 to popular WiseGuise Pizza and Homefry with 5 stores across Northern Tasmania.

The Tenant trades exceptionally well and has done so since 2016 from this location thanks to a large catchment area of customers: Prospect, Summerhill, Blackstone Heights, Youngtown, Norwood, Kings Meadows, South Launceston and Newstead.

Features include:
- Brand new 5 year lease with options to March 2039
- Popular household name: 23,000 Facebook followers
- Lessor's fittings and fixtures include: grease arrestor and rangehood
- Situated within popular shopping complex close to schools, pharmacy, government offices, post office and supermarket
- WiseGuise Pizza: 5 stores in Northern Tasmania
- 4% annual increases, market review at option
- Outgoings paid by Tenant: Council Rates, TasWater Rates, Land Tax, Building Insurance and Body Corporate Levies
- Net Rent: $26,000pa + Outgoings + GST

For further details contact Joel Harwood or Blake Shepherd.