High Profile Mixed Tenanted Investment
Elders Commercial proudly presents 55 Invermay Road, Launceston, for sale at $1.85m (plus GST if applicable).55 Invermay Road is currently tenanted with two established takeaway food venues. ‘Shah's Kebabs’ is 1 year into their 5 - year lease and ‘On The Run Takeaway’ is about to enter into a new 5 year lease.
The first floor comprises of 2 x 1-bedroom apartments, both tenanted paying an average of $280 per week.
All tenancies include 2 on-site car parks. The property is situated on a site of 549 sqm*, providing a total building area of 372 sqm* and annual returns of $99,044 pa* (net) excluding GST.
Future development may allow for further enhancement of the site given dual access and the large parking area at the rear (STCA).
For a copy of Information Memorandum and further details, please contact Elders Commercial.
*Approximate
Features
General Features
- Land Area: 0
- Commercial Type: Retail
- Building Area: 372sqm
- Zoning: Local Business
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