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Corner Wellington, Balfour & Bathurst Streets
Launceston TAS 7250
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Sold on 4 Oct 2023

Corner Wellington, Balfour & Bathurst Streets Launceston TAS 7250

  • Shop & Retail
  • 2,164 m²
  • Sold

A STRONG PERFORMING FREESTANDING COLES SUPERMARKET WITH A NET LEASE

  • BLUE CHIP INVESTMENT LEASED TO COLES
  • DOMINANT 2,164 SQM* FREESTANDING STORE
  • PASSING NET INCOME OF $705,000* PA

CURRENTLY UNDER OFFER - PLEASE CALL 1300 666 888 for further opportunities.

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A blue chip investment fully leased to, and guaranteed by, Coles Supermarkets Australia Pty Ltd

Dominant 2,164 sqm* store currently paying turnover rent and growing at more than 5% per annum*

Strategic multi frontage land holding of 5,590 sqm*, gaining excellent exposure to both Wellington (Midland Highway) and Bathurst Streets, the major North/South arterial routes through
Launceston

Highly convenient at-grade car park for 110 vehicles*, accessible via both major roads

Secure 15 year net lease + 2 x 5 year options

Passing net income of $704,835* per annum, which has shown consistent growth year on year, in line with trading performance

Justin Dowers
+61 438 098 805

Mark Wizel
+61 409 809 868

Rorey James
+61 439 400 081

CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold4 Oct 2023
Floor Area2,164 m²
Land Area5,590 m²
ParkingOn site parking available
Property ID2012134105
Category
 Shop & Retail
Last updated  3 Oct 2023
Map for Corner Wellington, Balfour & Bathurst Streets Launceston TAS 7250
CBRE
CBRE
Level 34, 8 Exhibition Street
Melbourne, VIC 3000

Property Highlights

Date Sold4 Oct 2023
Floor Area2,164 m²
Land Area5,590 m²
ParkingOn site parking available
Property ID2012134105
Category
 Shop & Retail
Last updated  3 Oct 2023

Listed by

CBRE
Call
03 86213333

Enquire about this property

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            More about Corner Wellington, Balfour & Bathurst Streets Launceston TAS 7250

            Corner Wellington, Balfour & Bathurst Streets Launceston TAS 7250 is categorized as Shop & Retail Property. It has a floor area of 2,164 m² and a land area of 5,590 m². The listing ID for this property is 2012134105.

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