SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Commonwealth Government Facility- Rare Net Lease with Guaranteed Growth

5 Techno Park Drive, Kings Meadows TAS

Property Highlights

7 Year lease to July 2023 with options
Centrelink call centre for 22+ years
Recent tenant funded upgrades

Description

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
14,440 SQM
Building Area
1,440 SQM

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