1 River Street, LAUNCESTON – For Sale by Expressions of Interest

Strategic Investment Opportunity with 15 + 3 x 5 Year Lease to Global Dairy Food Giant


Presenting as an outstanding investment opportunity, this substantial property holding underpinned by a AAA lease covenant to global dairy food producer Parmalat is a pivotal asset essential in Tasmania's fast growing food processing sector:

• Impressive 4,820 sqm production facility constructed 2011
• Huge 1.178 ha 'General Industrial' zoned site
• Secure 15 year lease with Parmalat Australia YD Pty Ltd to 2027 plus options to 2042
• Significant taxation saving depreciation.
• Tenant pays usual outgoings including Land Tax under all repairing lease.
• Strategic location in Invermay’s industrial heartland close to East Tamar Hwy & 1.5km from CBD
• Strong commercial locale, vicinal businesses include Lysaght, Origin, Smorgon ARC, Boral, Harvey Norman & BlueScope Steel
• $838,930pa estimated net rent 1 July 2019 (assumes 2.7% CPI review)

Expressions of Interest invited.

For further details, IM report and inspection call Blake Shepherd

Property Info

Agent Contact

Blake Shepherd


0417 820 820

Property Type


Land Area


Building Area

4820 sqm

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