Kings Meadows Prime Commercial Entry Level Passive Investment,tenant Pays Outgoings O/o $449,950
3 / 118 Hobart Road, Kings Meadows, Tasmania 7249
OFFERS OVER $449,950
Key Features
AI generated. Contact seller to confirm.
- Tenant pays all outgoings except building insurance
- Secure lease: 2 years remaining plus 2x3-year options
- Prime Hobart Road frontage with rear car park access
- New flooring and 18 solar panels installed
- Building area approximately 83.2 m²
- Offered as Offers Over $449,950
- Turnover: Not disclosed
- Net Profit: Not disclosed
- Rent/Lease: Not disclosed
- Stock Value: Not disclosed
- Established: Not disclosed
Business Details
Business Category Supermarket
Prime Kings Meadows Commercial Investment!!
An excellent opportunity to secure a well-presented investment in one of Launceston's busiest suburban centres.
The property is currently occupied and operated as an Indian grocery shop, with a secure lease in place 2 years remaining and 2 further options of 3 years each. This provides investors with a steady income stream and strong tenant commitment.
Enjoying prime main road frontage on Hobart Road and convenient access from the rear car park, the property benefits from high visibility and strong customer flow.
The building has been upgraded with new flooring and 18 solar panels, ensuring ongoing efficiency and minimal maintenance.
Zoned General Business, it offers flexibility for a wide range of future uses (STCA).
Investment highlights:
Tenant pays all outgoings (except building insurance)
Secure lease: 2 years remaining + 2 x 3-year options
Prime exposure and dual access
Building area approx. 83.2 m²
Floor area approx. 66 m²
Modern improvements: new floors, 18 solar panels
Outgoings (approx. p.a.):
Water rates $1,105.85
Land tax $930.72
Council rates $2,061.40
Insurance $1,611.66 (building insurance paid by the landlord).
A rare chance to acquire a low-maintenance investment in a sought-after commercial precinct.
For further information or to arrange an inspection, please contact:
Paul Scott XXXXXXXXXX | XXXXXXXXXX Praveen Pant XXXXXXXXXX
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
Please Note: All figures quoted are approximate.
An excellent opportunity to secure a well-presented investment in one of Launceston's busiest suburban centres.
The property is currently occupied and operated as an Indian grocery shop, with a secure lease in place 2 years remaining and 2 further options of 3 years each. This provides investors with a steady income stream and strong tenant commitment.
Enjoying prime main road frontage on Hobart Road and convenient access from the rear car park, the property benefits from high visibility and strong customer flow.
The building has been upgraded with new flooring and 18 solar panels, ensuring ongoing efficiency and minimal maintenance.
Zoned General Business, it offers flexibility for a wide range of future uses (STCA).
Investment highlights:
Tenant pays all outgoings (except building insurance)
Secure lease: 2 years remaining + 2 x 3-year options
Prime exposure and dual access
Building area approx. 83.2 m²
Floor area approx. 66 m²
Modern improvements: new floors, 18 solar panels
Outgoings (approx. p.a.):
Water rates $1,105.85
Land tax $930.72
Council rates $2,061.40
Insurance $1,611.66 (building insurance paid by the landlord).
A rare chance to acquire a low-maintenance investment in a sought-after commercial precinct.
For further information or to arrange an inspection, please contact:
Paul Scott XXXXXXXXXX | XXXXXXXXXX Praveen Pant XXXXXXXXXX
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
Please Note: All figures quoted are approximate.
What's Nearby
Nearby Locations
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This business is somewhat unique and has no similar competition in this region, category or price bracket.