2 Merino Street, Launceston TAS

For Sale

Industrial

SOLD

1787m2

Comprising a warehouse and storage complex 2 Merino Street, Kings Meadows offers the opportunity to secure a diversified commercial property and business, also available is a vacant block of light industrial land at 14 Merino Street, Kings Meadows.

Successfully run as KMSS – Kings Meadows Self Storage, a storage complex for many years, 2 Merino Street offers the chance to secure a property central to well known industrial and residential areas, while 14 Merino Street means you will never be land locked and unable to expand if you wish to do so.

With storage revenue growing year on year over the past 3 years and 6 months to 31st December 2017 and very high occupancy levels the facility offers a freehold property and business already up and running. Add to this the recently negotiated lease agreement for the bulk of the warehouse space (3 years with 1 x 3 year option) and you have an asset offering a diversified return. The balance of the warehouse space remains available for lease or use by an owner occupier.

The block at 14 Merino Street allows the opportunity to expand the storage facility or alternatively develop for another use. It uniquely offers both exiting road access and has a right of way allowing access off the same lane that services the storage units.

Merino Street is easily accessed off Hobart Road allowing a quick trip to Kings Meadows shopping centre, central Launceston or easy connection to the Midland Highway.