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Leased to Tasmanian State Govt – Major Government Office Complex

171 Westbury Road, Prospect TAS

Property Highlights

Office Complex on Large Landholding

Neighbouring Govt Owned Laboratories

Record Low Office Vacancies in TAS

Description

90% of income secured by lease to 2028 + option
Balance of the lease to 2023 + option WALE 9.2 years
Significant 16,330 sqm landholding with 101 car spaces
Important facility leased to Tasmanian Department of Primary Industries, Parks, Water & Environment and Department of State Growth
Well presented buildings totalling 3,992 sqm including brand new 550 sqm warehouse storage facility
Strategic location within Tasmanian Government precinct adjoining Government owned office and laboratories
Greater Launceston: The major city servicing Tasmania’s north with population in excess of 110,000
Net Rent: $508,184 pa (Estimated as at July 2019)

Auction 11am AEST Wednesday 15 May 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
16,330 SQM
Gross Building Area
3,992 SQM

Contact Agents

Shaun Venables

+610 411 860865

Beau Coulter

0413 839 898

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