5 Techno Park Drive Kings Meadows TAS 7249

Offices
1,440 m²
Sold

Commonwealth Government Facility- Rare Net Lease with Guaranteed Growth

7 year lease to July 2023 with options to 2029.
Modern Centrelink call centre facility occupied by Federal.
Government since 1997.
Fixed annual 3.5% rent increases.
Rent for first year of further option period cannot be lower than the previous years rent.
Government pays all usual outgoings including Land Tax.
Well maintained 1,440 sqm building with recent upgrades and undergoing further Government funded improvements.
On-title parking for 110 car spaces.
Substantial 1.444ha site surrounded by complimentary tenants Westpac, TasRail and Forico.
Easily managed single tenant investment.
Launceston: capital of Northern Tasmania experiencing record capital growth with GDP of $4.3 billion.
Net Income: $376,964 pa + GST

Auction 11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne

AUCTION

Auction date and time	07/08/2019 11:00
Auction location	5 Techno Park Drive, Kings Meadows TAS

Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	9 Aug 2019
Floor Area	1,440 m²
Land Area	1.44 ha
Energy	Ask Agent
Parking	Ask Agent
Property ID	2015425557
Category	Offices Medical / Consulting
Last updated	14 Nov 2019

Map for 5 Techno Park Drive Kings Meadows TAS 7249

Nearest transport* to 5 Techno Park Drive Kings Meadows TAS 7249

Bus

Train

Tram

Ferry

No.226 Opossum Rd	394 m
No.225 Opossum Rd	397 m
No.195 Opossum Rd	465 m
opp.No.193 Opossum Rd	481 m

Data source: Metro Tasmania Pty Ltd (Metro)

*Within a 4km radius

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Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	9 Aug 2019
Floor Area	1,440 m²
Land Area	1.44 ha
Energy	Ask Agent
Parking	Ask Agent
Property ID	2015425557
Category	Offices Medical / Consulting
Last updated	14 Nov 2019