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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
Last updated  3 Oct 2023
Map for Corner Wellington, Balfour & Bathurst Streets Launceston TAS 7250

Nearest transport* to Corner Wellington, Balfour & Bathurst Streets Launceston TAS 7250

Bus
Train
Tram
Ferry
Elizabeth St Outside Princes Square80 m
No.66A Elizabeth St (Opp. Princes Square)104 m
Stop C1, No.71-77 York St130 m
St John St Cnr York St204 m
Data source: Metro Tasmania Pty Ltd (Metro)
*Within a 4km radius
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The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.
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
Last updated  3 Oct 2023

Listed by

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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