5 Innocent Street, Kings Meadows, Tas 7249

Elders Commercial is pleased to present 5 Innocent Street, Kings Meadows, a high-quality, fully leased commercial investment positioned within one of Launceston’s strongest suburban commercial precincts.

+ Fully leased investment returning a net income of $76,434.24* per annum plus GST.
+  Under market rent with revisionary upside possible at the review. 
+ Leased to the Launceston Benevolent Society, an established community organisation.
+ Current lease term has approximately 15 months remaining, with a further three-year option available to the tenant.
+ Modern improvements constructed in 2013*, comprising a combination of warehouse, showroom and first-floor office accommodation.
+ Well-presented building of concrete tilt panel construction, providing a durable, low-maintenance investment. 
+ Prominent Kings Meadows location with excellent exposure and convenient access from Hobart Road.
+ Strategically positioned directly opposite the entrance to Woolworths Supermarket, benefiting from strong passing traffic and surrounding commercial activity.
+ Flexible General Business Zone and versatile building configuration provide strong future appeal to a broad range of tenants, investors and owner-occupiers.

The property is for sale via Expressions of Interest Closing 21 October 2026 at 4pm.

Please contact Fletcher Seymour or Cale Ayres for more information or to arrange an inspection.