297 Invermay Road, Invermay, TAS, 7248

Occupied by Fraggle's Fish n Chips since 2015, 297 Invermay Road presents as a quality investment with strong tenant performance over the past 10 years along with low building to land ratio for expansion or repurposing. With recently renewed 3 year lease plus additional option for a further 3 years to 2031, investors should be comforted by the tenure of Fraggle's with ongoing rental growth thanks to annual CPI increases with a market review at take-up of the Option. Features include: Two titles (615m2 and 240m2) providing development potential going forward Strong letting history, operating as Fraggle's Fish n Chips since 2015 and a takeaway food outlet since the 80's Sale includes extensive list of P&E Prominent position on 'Golden Mile' alongside numerous nationals and strong local operators Onsite parking plus free on-street parking Tenant pays all statutory outgoings Net rent: $50,457.89pa excl. GST (assuming 4% CPI annual increase from Sep 26) For further details contact Blake Shepherd or Joel Harwood.