Kings Meadows Prime Commercial Entry Level Passive Investment,Tenant Pays Outgoings O/O $465,000
Prime Kings Meadows Commercial Investment!!
An excellent opportunity to secure a well-presented investment in one of Launceston's busiest suburban centres.
The property is currently occupied and operated as an Indian grocery shop, with a secure lease in place 2 years remaining and 2 further options of 3 years each. This provides investors with a steady income stream and strong tenant commitment.
Enjoying prime main road frontage on Hobart Road and convenient access from the rear car park, the property benefits from high visibility and strong customer flow.
The building has been upgraded with new flooring and 18 solar panels, ensuring ongoing efficiency and minimal maintenance.
Zoned General Business, it offers flexibility for a wide range of future uses (STCA).
Investment highlights:
Tenant pays all outgoings (except building insurance)
Secure lease: 2 years remaining + 2 x 3-year options
Prime exposure and dual access
Building area approx. 83.2 m²
Floor area approx. 66 m²
Modern improvements: new floors, 18 solar panels
Outgoings (approx. p.a.):
Water rates $1,105.85
Land tax $930.72
Council rates $2,061.40
Insurance $1,611.66 (building insurance paid by the landlord).
A rare chance to acquire a low-maintenance investment in a sought-after commercial precinct.
For further information or to arrange an inspection, please contact:
Paul Scott
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
Please Note: All figures quoted are approximate.
For more details, please email broker or call agents.
