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328B Invermay Road

Mowbray TAS 7248

For Sale at $1.85 million

Cash-flow generous, Industrial style investment. Mowbray.

Supporting multiple tenancy areas from self-storage "units" to near 1,900 sqm of one floor., the property is valuably situated next door to the new Mowbray Sport and Recreation Hub and accessed via a ROW from Invermay Road.
The two major tenancy areas support a retail / wholesale supplier (lower level) and a professional scaffolding company (upper level). Seven further tenancies range from self storage units on a week by week basis, together with casual storage users.

The property illustrates as likely presenting re-development scope, and / or retaining the current use with the regular and casual income streams. currently generating an estimated net return of $185,000* per annum.
An ideal property for a "hands-on" owner seeking a project of significance.

For Sale at $1.85 million, approximating 10 %* return

Features

General Features

  • Land Area: 3,649sqm
  • Commercial Type: Industrial/Warehouse
  • Building Area: 2,900sqm
  • Zoning: Urban Mixed Use

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Enquire about 328B Invermay Road, Mowbray, TAS, 7248

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