9 George Town Road, NEWNHAM, TAS, 7248

Shepherd & Heap is delighted to present to the open market 9 George Town Road, a prime multi-tenanted investment property boasting an exceptionally strong letting history. Headlining the tenant directory board (for over 20 years) is the popular Wash n Tumble laundry operation complemented by two well let, two bedroom residential apartments above. Key investment highlights and property features include: - multi tenancy mixed use investment with upside, limited downside risk - fully leased, established business as anchor tenant on 5 + 5 + 5 year leases - brand new commercial leases up to 2037 including options - excellent onsite parking - 5 customer bays at the front, 4 undercover bays at rear - thriving local business precinct in major northern suburb growth locale - Australian Maritime College and University of Tasmania campuses virtually next door - passing net rental income approx. $55,323pa Positioned in a strategic growth corridor of Newnham, 9 George Town Road amongst major drawcards including United Petroleum, AMC/UTAS Campus (planned redevelopment of more than $50m), TasTAFE, Northern Suburbs Recreation Hub ($46m redevelopment works in progress) and Mowbray Golf Club. For Sale By EOI Offer - Contact Ian Singline for further details