217 Westbury Road, PROSPECT, TAS, 7250

Situated within the fully occupied Olde Tudor Neighbourhood Shopping Complex in Prospect, 217 Westbury Road is a very stable investment offering, boasting a brand new 5 + 5 + 5 year lease from March 2024 to popular WiseGuise Pizza and Homefry with 5 stores across Northern Tasmania. The Tenant trades exceptionally well and has done so since 2016 from this location thanks to a large catchment area of customers: Prospect, Summerhill, Blackstone Heights, Youngtown, Norwood, Kings Meadows, South Launceston and Newstead. Features include: - Brand new 5 year lease with options to March 2039 - Popular household name: 23,000 Facebook followers - Lessor's fittings and fixtures include: grease arrestor and rangehood - Situated within popular shopping complex close to schools, pharmacy, government offices, post office and supermarket - WiseGuise Pizza: 5 stores in Northern Tasmania - 4% annual increases, market review at option - Outgoings paid by Tenant: Council Rates, TasWater Rates, Land Tax, Building Insurance and Body Corporate Levies - Net Rent: $26,000pa + Outgoings + GST For further details contact Joel Harwood or Blake Shepherd.