89-93 St Leonards Road, St Leonards TAS

For Sale




Four warehouses, all tenanted, 5,885m2 of “General Industrial” land and fronting St Leonards Road – this property has a lot to offer. A great chance to secure a commercial investment property and spread your risk across multiple tenants. On St Leonards Road, a short drive from the central Launceston in an area that has seen much improvement over the past few years the property offers potential to investors and owner occupier alike someone looking to occupy one warehouse and enjoy rental returns from the remaining three or continue to lease all four. Three of the warehouses offer office space and amenities while one is warehouse space only. All are easily accessed and there is ample yard area, so much so the potential for further development exists subject to any council approval required. Returning a current net annual rental just under $58,000.00 with scope to grow, this is an opportunity well worth further consideration.