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- Lot 2, 10-4 Merino Street, Kings Meadows
- Contact agent for price
- Agent: Shepherd and Heap
- Contact: Ian Singline, 0419 820 820
- Inspect: By appointment
Presenting as an opportune investment, this substantial DC warehouse facility is leased to established state logistics operator Duniam Freight Distribution Pty Ltd on a 5 + 5 year term. The lease started 1 October 2018 with the rental, now at nearly $92,000 per annum net, tied to CPI movements for assured growth. Under the lease all outgoings including council rates, TasWater charges, land tax, building insurance and maintenance of the fire protection equipment are all payable as tenant outgoings.
Title area for lot is a sizeable 3298m2 and benefits from a 'Light Industrial' zoning overlay which provides a very broad range of commercial business uses. The expansive warehouse is some 1760m2 and features 7 metre spring height, 3 phase power, excellent natural light/skylights, self contained amenities and full fire protection compliant systems.
The property is strategically located very close to the Kings Meadows Connector in the popular Merino Street commercial precinct. The locale with easy access to the northern highway network, airport and city centre has proven very popular over the years.