47-49 McKenzie Street, MOWBRAY, TAS, 7248
Superior Income Producing Freehold with Upside
Displaying a large 1,754m2 title area, 47-49 McKenzie Street boasts immense upside with scope to develop to the rear and side of the title (s.t.c.a), primed for future warehouse construction to further maximise income potential.
The 380m2 main office warehouse envelope displays a well constructed showroom and office development on the ground level, plus first floor office and mezzanine maximising floor space out to 550m2.
Features include:
- 5 + 5 year lease from December 2020
- Annual CPI Increases and Market review at Option
- CSE Crosscom: a wholly owned subsidiary of Singapore Stock Exchange listed giant CSE Global Limited with a Market Cap of $259m
- Immense development upside through low building to land ratio
- Sought after central location with exposure to Northern Tasmanian Highway Network
- Flexible 'Commercial' zoning overlay in growth area
- Dual crossovers for ease of access and traffic flow
- Current holding income of $53,020pa net of statutory outgoings
For further details contact Blake Shepherd, Joel Harwood or Marcus Douglas.
Property Information
$890,000
Site Area: 1,754m2
Building Area: 550m2
Zoning: 'Commercial'
Agent Contacts
Blake Shepherd
Joel Harwood
Marcus Douglas
