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3/6 Innes Street, Launceston, TAS, 7250

2. Property Highlights

Renewed 5 Year Lease to Global Auto Giant Subsidiary
  • Fixed 3% Annual Rent Increases
  • Subsidiary of US$22+ Billion Auto Giant
  • Opposite Launceston Plaza - Coles/Kmart

Burgess Rawson in conjunction with Shepherd & Heap Estate Agents are pleased to offer to the market, Unit 3, 6 Innes Street, Launceston TAS for sale via our Investment Portfolio Auction 162.

This opportunity has the following key investment highlights:

+ One of Tasmania's leading Repco stores

+ Renewed 5 year lease plus 5 year option through 2033

+ Tenant pays all outgoings including Land Tax & Building Insurance

+ Fixed 3% increases

+ Genuine Parts Co (NYSE:GPC): US$22+billion Market Cap, US $22 billion annual sales across 17 countries and 10,545 locations

+ Immaculate modern 801sqm building

+ Important 37 car spaces on site including 3 on title

+ Super location opposite Launceston Plaza (Coles, Kmart) & Chemist Warehouse, next to Mitre 10 and close to $250m+ UTAS development

+ Net Income: $225,000 (from 1 August 2023)

For Sale by Investment Portfolio Auction

10:30am AEST Wednesday 2 August 2023

Crown Casino, Melbourne

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3. Property Location

3/6 Innes Street, Launceston, TAS, 7250

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4. Due Diligence

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3/6 Innes Street, Launceston, TAS, 7250 Launceston
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