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Investment with State Government Lease

2A Merino Street, KINGS MEADOWS TAS, 7249

Sold

Property Sold in 2A Merino Street, KINGS MEADOWS TAS, 7249

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250

Listing ID:
11351050
Status:
Sold
Price:
EOI Closing Thursday 18 July at 4pm
Last Updated:
26/09/2019
Icon building

Property Type

Industrial/Warehouse
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Land Area

N/A
Icon size

Floor Area

1600 SQM
Icon parking

Parking

N/A

Investment with State Government Lease

Strategically located warehouses on Merino Street connecting to major highways via Kings Meadows Connector.
The location is within proximity to the Kings Meadows Shopping precinct, representing Launceston's strongest suburban shopping area.

The property provides 2 separate warehouses and an adjoining office/amenities of some 1600 sqm* on a land area of 7,777 sqm*. The current Building/Site ratio of 20% will allow for further development of the site in the future.

Both warehouses provide clear span with minimum clearance of 4.8m & 3.8m respectively.

Currently leased to State Government until May 2029, the tenant has been occupying the premises since 2004.
The current Rental is $110,894 per annum + GST + Outgoings.

For Sale by Expressions of Interest Closing Thursday 18 July 2019 at 4pm.

*Approx

For more details, please email agent

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250


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