Start your search

Location

Property Types

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

Tenure Type

Tenanted Investment

Investment Potential

Back

Select Suburbs

Refine Search

Back

Select Categories

Car Dealership
Co-working
Consulting Rooms
Mixed Use
Strata Office
Whole Building
Office/Warehouse
Agricultural
Hotel
Block of Units / Flats
Health Care & Medical
Strip Retail
Aged Care/Retirement
Serviced Apartments
Warehouse Showroom
Commercial
Office Suites
Shopping Centre
Boarding Houses
Lifestyle/Hobby Farm
Large Format
Resort
Full Floor Office
Car Park
Logistics Building
Child Care
Caravan Park
Business Park
Serviced Offices
Vets
Service Station
Hard Stand
Education/Schools
Cafe/Restaurant
Winery
Storage Facility
Camping Ground
Pub/Bar/Nightclub

Watch

Your home of Commercial Ready videos

Watch

All Videos

3/6 Innes Street, Launceston, TAS, 7250

+9 Photos

+11 Photos

SOLD

3/6 Innes Street, Launceston, TAS, 7250

Properties / Sold / Tasmania / Launceston

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

837 m² (*approx)

Floor Area

801 m² (*approx)

Property Type

Retail, Other

Terms

Renewed 5 year lease plus 5 year option through 2033

Est. Income

$225,000 p/a

Fully Leased

Repco

Show All

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

Remember to mention you found this property on CommercialReady