111 Wellington Street, LAUNCESTON, TAS, 7250

Landmark Investment Opportunity - Iconic Pizza Restaurant - Circa 7% Net Yield

Extremely well located on the busiest arterial out of the city occupied by long standing and iconic business 'The Pizza Pub'. This dominant property features a vast 62m corner frontage with two crossovers servicing drive through pizza pick up and brand new bottle shop. Fully refurbished to an immaculate standard 10+7+7+7+7 Year Lease from December 2022 Fixed annual increases of 3% with Market Reviews at Option Tenant fully responsible for all repairs and maintenance 8 on site car parking spaces plus drive through Net Rent: $160,000pa For further details contact Blake Shepherd or Joel Harwood

Property Information

UNDER CONTRACT
Site Area: 1,236m2
Building Area: 1,114m2
Zoning: 'Commercial'
Print

Agent Contacts

Blake Shepherd
0417 820 820
EMAIL ENQUIRY
Joel Harwood
0448820820
EMAIL ENQUIRY