2 Montague Street, INVERMAY – For Sale by Offer Closing 5pm Wed 21st Aug 2019

Multiple Warehouse Income Spanning Over 1 Acre of Prime Central Land

Factory/Warehouse

Rarely do offerings of this type become available so close to major vehicular arterial routes and Launceston's CBD. This magnificent multi-tenancy investment opportunity comprises three separate warehouse tenancies across the substantial 2,517m2 building area.

Warehouse 2 (685m2) and warehouse 3 (1,156m2) are currently under lease to national tenant Cool Drive and popular local mechanic Melbern Automotive with gross income in the order of $135,000 p.a. Warehouse 1 (676m2) is currently vacant inviting potential owner-occupier interest including astute investors.

- Fully leased Net income potential of $163,000 p.a
- Three tenancies to spread investment risk
- Sizable total building area of 2,517m2
- Highly exposed corner site of 4,130m2 boasting three street frontages for ease of access
- Subdivision potential (s.t.c.a)

This outstanding site is exposed to three street frontages including a generous 100m frontage to Montague St and 24.5m to Gleadow St. Other businesses in the immediate area include Bunnings warehouse, Harvey Norman warehouse, Jackson Motors pre delivery facility, Middys distribution and Hydraquip.

By Offer closing 5pm Wed 21st Aug, 2019 unless sold prior.

Contact Marcus Douglas