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Premier Retail Showroom Investment Property - Part Leased...

Lot 2/59-67 Bathurst Street, LAUNCESTON TAS, 7250

For Sale

Property for Sale in Lot 2/59-67 Bathurst Street, LAUNCESTON TAS, 7250

Listing ID:
11359440
Status:
Active
For:
Sale
Price:
For Sale by EOI Offer
Last Updated:
02/04/2020
Icon building

Property Type

Showrooms/Bulky Goods
Icon square

Land Area

2315 SQM
Icon size

Floor Area

2315 SQM
Icon parking

Parking

0

Premier Retail Showroom Investment Property - Part Leased to Petbarn - Part Vacant to Occupy

An impressive freehold sale offering Lot 2 59-67 Bathurst Street is arguably Launceston's best located retail showroom property and an outstanding investment opportunity - Tenancy 1 with vacant possession and Tenancy 2 leased to Petbarn, the national pet foods retailing group.

A commanding corner position just two blocks from the CBD, 59-67 Bathurst Street has a huge 69 space car park for the complex with superb profile and high visibility to the Bathurst Street city inbound traffic and also draws on the outbound traffic along Wellington Street which is less than 100 metres away. A strong business locale it has Coles, Dan Murphys, Fantastic
Furniture, Godfreys BWS, Burson, Shell and other drawcards all within a 500 metre radius.

Other features of the property include:

Tenancy 1
- Nearly 1000 sq metre main showroom
- Extensive shopfront to both Bathurst & Frederick Streets
- Fully air conditioned
- Rear delivery access off Elizabeth Street

Tenancy 2
- Secure lease to Petbarn; Australasia's largest pet supplies brand
- 15 year lease, further 5+5 year options up to September 2032
- Modern showroom tenancy of approx. 1084 sq metres
- Rear access for deliveries from Elizabeth Street

Lot 2 with the two tenancies is offered for sale as a single title in one line. Potential rent income is estimated at approx $475K p.a net on a fully leased basis.

For further details and pricing on this exciting opportunity call Ian Singline

For more details, please email agent

Shepherd & Heap

49 Cameron Street, Launceston, TAS 7250


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