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198-200 York Street, LAUNCESTON, TAS, 7250
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198-200 York Street, LAUNCESTON, TAS, 7250

2. Property Highlights

8 Year Lease + Options to 2037 - ASX Listed Capitol Health Limited
  • Capitol Health Ltd: Market cap $360M
  • Minimum 3.3% annual rent increases
  • Prime position opposite Woolworths

+Secure 8 year lease + options to 2037

+Radiology Tasmania Pty Ltd: Wholly owned by Capitol Health Limited

+Capitol Health Limited: ASX Listed company with a market cap over $360 million

+Rent increased annually to the greater of 3.3% and CPI

+Tenant pays all usual outgoings as per lease including Land Tax

+Well maintained and presented 2 level building over 540sqm, extensively redeveloped and upgraded in 2016, incorporating customer reception, multiple consulting rooms, offices, staff room and amenities

+Prominent 362sqm* corner site with combined 37m* frontage

+Strategically situated in Launceston CBD diagonally opposite brand new Woolworths Supermarket

+City of Launceston: The value of total building approvals have surged by over 243% in the last 5 years to $343 million

+Launceston: The capital of northern Tasmania with a population catchment of over 105,000

+Net Income: $116,684 pa* + GST

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 11 May 2022

Crown Casino - River Room

Remember to mention you found this property on CommercialReady.com.au

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Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Matthew Wright
Matthew Wright
+61 *** *** *** show +61 458 290 588

3. Property Location

198-200 York Street, LAUNCESTON, TAS, 7250

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4. Due Diligence

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198-200 York Street, LAUNCESTON, TAS, 7250 Launceston
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Matthew Wright
Matthew Wright
+61 *** *** *** show +61 458 290 588
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