SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

8 Year Lease + Options to 2037 – ASX Listed Capitol Health Limited

198-200 York Street , Launceston TAS

Property Highlights

Capitol Health Ltd: Market cap $360M
Minimum 3.3% annual rent increases
Prime position opposite Woolworths

Description

+Secure 8 year lease + options to 2037
+Radiology Tasmania Pty Ltd: Wholly owned by Capitol Health Limited
+Capitol Health Limited: ASX Listed company with a market cap over $360 million
+Rent increased annually to the greater of 3.3% and CPI
+Tenant pays all usual outgoings as per lease including Land Tax
+Well maintained and presented 2 level building over 540sqm, extensively redeveloped and upgraded in 2016, incorporating customer reception, multiple consulting rooms, offices, staff room and amenities
+Prominent 362sqm* corner site with combined 37m* frontage
+Strategically situated in Launceston CBD diagonally opposite brand new Woolworths Supermarket
+City of Launceston: The value of total building approvals have surged by over 243% in the last 5 years to $343 million
+Launceston: The capital of northern Tasmania with a population catchment of over 105,000
+Net Income: $116,684 pa* + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino – River Room

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
362 SQM
Building Area
540 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights