Commonwealth Government Facility- Rare Net Lease with Guaranteed Growth
5 Techno Park Drive, Kings Meadows TAS
7 year lease to July 2023 with options to 2029.
Modern Centrelink call centre facility occupied by Federal.
Government since 1997.
Fixed annual 3.5% rent increases.
Rent for first year of further option period cannot be lower than the previous year’s rent.
Government pays all usual outgoings including Land Tax.
Well maintained 1,440 sqm building with recent upgrades and undergoing further Government funded improvements.
On-title parking for 110 car spaces.
Substantial 1.444ha site surrounded by complimentary tenants Westpac, TasRail and Forico.
Easily managed single tenant investment.
Launceston: capital of Northern Tasmania experiencing record capital growth with GDP of $4.3 billion.
A 4.5 Star NABERS Energy Rating
Net Income: $376,964 pa + GST
For Sale by Private Treaty