116 Hobart Road, Kings Meadows, Tas 7249

116 Hobart Road sits on a busy stretch of Hobart Road in the heart of the Kings Meadows shopping precinct, just 5km from the Launceston CBD. It offers investors a well located commercial building with an established tenant already in place.

The property is leased on a net basis to an established newsagency and tobacconist that has operated from the premises for approximately 45 years. The current lease runs to 2029 with a further five year option remaining. The two level building sits on approximately 500m² of General Business zoned land and provides approximately 324m² of floor area. The west facing 12.33m frontage has a full width shopfront, giving the business strong exposure to passing traffic.

The ground floor has a large open retail space, a rear room with kitchenette, storage and two toilets. Upstairs, a loft level with a separate office overlooks the shop floor and provides extra room for storage or administration.

Eleven car spaces are included at the rear. There is also ample parking throughout the surrounding precinct, which is a clear advantage for customers of a main road retail site.

This is an opportunity to secure a tightly held, income producing asset in one of Launceston's most active suburban commercial strips. The property is offered for sale by Expressions of Interest, and an Information Memorandum is available on request.

For more information, contact Jesse Denholm.

The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.