89-95 Invermay Road, LAUNCESTON – Contact Marcus Douglas
Triple Fronted Trophy Investment - Leased To Award Winning Dealership
Arguably one of the most strategically positioned large format retail sites in Launceston with immense underlying land value in Golden Mile location, home to Australia’s second highest selling car brand in 2017 - Mazda.
• Commanding land area of approx 3017m2 on 2 Titles
• 217m to 3 Street frontages – inc 32m to Invermay Road
• Desirable exposure to over 17,000 daily vehicular movements
• Mazda – 45,000 employees globally
• Single tenant, minimum management investment
• Only metres from the $260M Northern UTAS Development
• $287,834 Net rent pa, $297,908 Net rent pa from 1st Jan, 2019
• Tenant pays all usual outgoings incl. Land Tax
• Fixed annual 3.5% rent increases
• Lease up to December 2028 inc options
A rare offering to purchase this A class investment, home to global vehicle giant in superior locale opposite UTAS Stadium the Tasmanian base of the Hawthorn football club.
Contact Marcus Douglas for detail