Multi-tenanted Investment - Strong net return
RWC Tasmania jointly with Elders Commercial are pleased to offer to the market this multi-tenanted, mixed-use investment located in Wivenhoe, in Tasmania's thriving North West region.
The property is 100% leased to four (4) mixed-use tenants, anchored by well-known local hospitality operator, Leonardoz. The property has a passing net rental of $152,942* + GST, with tenants responsible for all statutory outgoings and building insurance.
Key Property Highlights:
+ Substantial 1,411sqm* 'Local Business' allotment, with dual street access, 22* on-site car parks and key Bass Highway Exposure.
+ Diverse mix of tenant's - Restaurant (Leonardoz), Hair Salon (Immerse Hair Studio), Chiropractor (Burnie Bayside Chiropractic) and a Residential apartment, all contained with a gross building area of 658sqm*
+ Net income of $152,942* per annum + GST with all commercial tenants on annual fixed 5% increases providing guaranteed rental growth.
+ Net leases - Commercial tenants pays all council rates, land tax, TasWater and building insurance.
+ Premium main road location with excellent exposure, surrounded by Bunnings, Nubco, Reece Plumbing, residential and various mixed-use assets (all within 2km*)
+ Burnie: Second largest City on the North-West of Tasmania and home to one of the State's key deep-water ports and Tasmania's largest general cargo port.
* Approx
The property is 100% leased to four (4) mixed-use tenants, anchored by well-known local hospitality operator, Leonardoz. The property has a passing net rental of $152,942* + GST, with tenants responsible for all statutory outgoings and building insurance.
Key Property Highlights:
+ Substantial 1,411sqm* 'Local Business' allotment, with dual street access, 22* on-site car parks and key Bass Highway Exposure.
+ Diverse mix of tenant's - Restaurant (Leonardoz), Hair Salon (Immerse Hair Studio), Chiropractor (Burnie Bayside Chiropractic) and a Residential apartment, all contained with a gross building area of 658sqm*
+ Net income of $152,942* per annum + GST with all commercial tenants on annual fixed 5% increases providing guaranteed rental growth.
+ Net leases - Commercial tenants pays all council rates, land tax, TasWater and building insurance.
+ Premium main road location with excellent exposure, surrounded by Bunnings, Nubco, Reece Plumbing, residential and various mixed-use assets (all within 2km*)
+ Burnie: Second largest City on the North-West of Tasmania and home to one of the State's key deep-water ports and Tasmania's largest general cargo port.
* Approx