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Lot 3/32 Elouera Street
Riverside TAS 7250
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Sold on 1 Aug 2024

Lot 3/32 Elouera Street Riverside TAS 7250

  • Offices
  • 215 m²
  • Sold, $835,000

High Income Earner Leased To Church Organisation To 2037 Including Option - 8.25+% Net Return

    Tailrace House is located within the popular Tailrace Centre benefitting from West Tamar Highway frontage whilst being only 7 minutes from Launceston's CBD. Underpinned by a secure 10 + 10 year lease to May 2037 with guarantee from New Directions Community Church Inc.

    Currently configured into 9 well appointed individual offices, most of which are sublet to like minded businesses in strong health and welfare sector spreading investment risk.

    Features include:
    - Long 10 + 10 year lease from May 2017
    - Solid brick construction
    - 215m2 approx. building area
    - Large 937m2 title area
    - 65 bay car park (common property)
    - Current net rental: 70,980pa excl. GST

    For further details contact Blake Shepherd or Joel Harwood.

    Shepherd & Heap Estate Agents
    Shepherd & Heap Estate Agents
    49 Cameron Street
    Launceston, TAS 7250

    Property Highlights

    Date Sold1 Aug 2024
    Sold Price$835,000
    Floor Area215 m²
    Land Area937 m²
    Parking7 x Onsite parkings
    Property ID2019248618
    Category
     Offices
    Last updated  5 Aug 2024
    Map for Lot 3/32 Elouera Street Riverside TAS 7250
    Shepherd & Heap Estate Agents
    Shepherd & Heap Estate Agents
    49 Cameron Street
    Launceston, TAS 7250

    Property Highlights

    Date Sold1 Aug 2024
    Sold Price$835,000
    Floor Area215 m²
    Land Area937 m²
    Parking7 x Onsite parkings
    Property ID2019248618
    Category
     Offices
    Last updated  5 Aug 2024

    Co-Agents

    Blake Shepherd
    Blake Shepherd
    Shepherd & Heap Estate Agents
    Call
    0417 820 820
    Joel Harwood
    Joel Harwood
    Shepherd & Heap Estate Agents
    Call
    0448 820 820

    Enquire about this property

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              More about Lot 3/32 Elouera Street Riverside TAS 7250

              Lot 3/32 Elouera Street Riverside TAS 7250 is categorized as Office. It has a floor area of 215 m². There are 7 x onsite parkings.The listing ID for this property is 2019248618.

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