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3/6 Innes Street
Launceston TAS 7250
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Sold on 8 Aug 2023

3/6 Innes Street Launceston TAS 7250

  • Shop & Retail
  • 801 m²
  • Sold

Renewed 5 Year Lease to Global Auto Giant Subsidiary

    Burgess Rawson in conjunction with Shepherd & Heap Estate Agents are pleased to offer to the market, Unit 3, 6 Innes Street, Launceston TAS for sale via our Investment Portfolio Auction 162.

    This opportunity has the following key investment highlights:
    + One of Tasmania's leading Repco stores
    + Renewed 5 year lease plus 5 year option through 2033
    + Tenant pays all outgoings including Land Tax & Building Insurance
    + Fixed 3% increases
    + Genuine Parts Co (NYSE:GPC): US$22+billion Market Cap, US $22 billion annual sales across 17 countries and 10,545 locations
    + Immaculate modern 801sqm building
    + Important 37 car spaces on site including 3 on title
    + Super location opposite Launceston Plaza (Coles, Kmart) & Chemist Warehouse, next to Mitre 10 and close to $250m+ UTAS development
    + Net Income: $225,000 (from 1 August 2023)

    For Sale by Investment Portfolio Auction
    10:30am AEST Wednesday 2 August 2023
    Crown Casino, Melbourne

    AUCTION

    Auction date and time02/08/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold8 Aug 2023
    Floor Area801 m²
    Land Area837 m²
    ParkingAsk Agent
    Property ID2018604220
    Category
    Last updated  
    Map for 3/6 Innes Street Launceston TAS 7250

    Nearest transport* to 3/6 Innes Street Launceston TAS 7250

    Bus
    Train
    Tram
    Ferry
    Racecourse Cres Outside Coles224 m
    No.57 Boland St (Opp. K-Mart)254 m
    Boland St Outside K-Mart268 m
    City Park, Lawrence St293 m
    Data source: Metro Tasmania Pty Ltd (Metro)
    *Within a 4km radius
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    nbn® Fibre to the Premises (FTTP) is available in this property
    Max wholesale speed tier available: nbn® Fibre to the Premises
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold8 Aug 2023
    Floor Area801 m²
    Land Area837 m²
    ParkingAsk Agent
    Property ID2018604220
    Category
    Last updated  

    Co-Agents

    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304
    Justin Kramersh
    Burgess Rawson VIC Pty Ltd
    Call
    0460 349 605

    More about 3/6 Innes Street Launceston TAS 7250

    3/6 Innes Street Launceston TAS 7250 is categorized as Shop & Retail Property. It has a floor area of 801 m² and a land area of 837 m². The listing ID for this property is 2018604220.

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