255 Hobart Road, LAUNCESTON – Attractive 7.3% Yield
Portfolio Investment in Strong Growth Locale - Attractive Yield
This 420m2 floor space occupies a very successful fitness centre, very popular with the locals and leased to motivated operators. Strategically located on the busy arterial of Hobart Road in Youngtown, a commonly known growth corridor only minutes to the Midland Highway and East Launceston precinct. The property is surrounded by strong retailers including the new Tazzy Tyres business, FRM Machinery and national BWS. The centre has in situ a fully functional café facing Hobart Road (Not under operation currently - Potential to Sub Lease) coupled with easy access to very substantial car parking to the rear.
Property owner has completed part painting throughout and replaced partial timber flooring to the rear workout area.
In place a new lease, a 3 Year first term with a 3 Year option now in place with reviews to CPI.
Investors, certainly a property well worth concidering as this end of Hobart road is on the move!
Contact agent for an inspection and further detail.