1/10-14 Merino Street, LAUNCESTON – Contact Agent

National Tenant/ASX Listed Subsidiary - Long Lease up to 22 Years - Circa 7.75% Yield

Factory/Warehouse

An excellent investment offering, this substantial warehouse property is under long term lease to Metcash subsidiary
HTH Stores Pty Ltd trading as Home Frame & Truss
. 7 + 5 + 5 + 5 year lease from Dec. 2014
. current rent $194,541 p.a net with annual reviews
. almost triple net lease with majority of outgoings including land
tax, building insurance and routine maintenance paid by Tenant
. substantial building of some 3025 sq metres inclusive of modern
admin office and amenities
. title area of approx. 6570 sq metres with Light Industrial zoning
. superb locale close to highway connections, city centre and airport
. value add opportunity to buy adjoining vacant warehouse – 1750 sqm building, 3298 sqm land on separate title

For further details contact Ian Singline.

Property Info

Agent Contact

Ian Singline

ian@shepherdheap.com.au

0419 820 820


Property Type

Factory/Warehouse


Land Area

6570sqm


Building Area

3025 sqm


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