You would be hard pushed to find a better investment in central Tasmania at the moment, with a new 5 + 5 year lease signed up, this is one solid set and forget property. Campbell Town is the halfway point between Launceston and Hobart, the town benefits from the high flow of traffic National Highway 1 draws through its centre on High Street, directly past this property’s front door. One head lease is in place over the property encompassing two separate shops, Baba’s Kebabs and The Coffee Stop. Offers over $300,000 will be considered for this property, a very sound investment indeed!
Features include:
-Tenanted investment
-New 5 year lease with 1 x 5 year option
-Current rent $34,084 plus GST / Outgoings
-Positioned in the busiest section of Campbell Town’s main road
-Approx. 130km to Hobart and approx. 70km to Launceston
-Building area: 122m2 approx.
-Land: 1110m2 approx.
-Future development potential on balance of land circa 800m2
-Zoning ‘General Business’ (21.0)
-Kitchenette and toilet facilities
-NBN Connected
Outgoings: (previous financial year)
Land Tax: $366.20
Council Rates: $1966.55
TasWater: $2190.48
To learn more about this property, contact Andy at Tucker & Howell.
