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- 151 Hobart Road, Launceston
- Agent: Shepherd and Heap
- Contact: Marcus Douglas, 0429 820 820
- Inspect: By appointment
- By offer
This desirable multi-tenancy investment property is proudly positioned in Launceston's dominant suburban retail destination, Kings Meadows.
The main building is a reasonably modern single level design, split into three tenancies; two of which are retail shops with frontage to Hobart Road and the third a smaller business/tech office.
At the rear is a small detached warehouse currently under lease and used as a storage facility.
Excellent parking is also provided onsite at the very rear of the property accessed via a shared driveway off Hobart Road.
The property is currently fully leased to four separate tenants realising an annual net rental of $47,715.36 p.a.
There is still plenty of potential waiting to be realised with the option of adding an extra level, expanding the retail space even further (STCA).
The area is thriving, with more than 8000 vehicles passing daily, this really is a prime location.
Plus there is the added benefit of having global fast food giant McDonald's as your neighbour and the passing footfall that brings.
As an established and growing business centre, Kings Meadows has a significant trade catchment that encompasses much of the southern urban areas of Launceston and nearby commuter districts.
Property along the Hobart Road retail strip of Kings Meadows is tightly held; certainly 151 Hobart Road presents investors with a rare opportunity to invest in this premier suburban Launceston location.
- Land area 667sqm
- Building area 353 sqm