Chemist Warehouse – High Profile Investment Opportunity
98 Wellington Street, LAUNCESTON TAS
Property Highlights
National Tenant on New Lease
Prominent 876 sqm Building
Huge Exposure, 15m frontage
Description
Chemist Warehouse, Australia’s largest pharmacy chain with approximately 300 stores
New outlet on full term lease + options to 2030 with fixed 3% pa increases
Smaller second tenancy to JBC Sports Power on a 14 year lease including options to 2025 with annual CPI reviews
Well maintained and updated 876 sqm building with rear access
Major arterial corridor and strong inner city business locale with Coles, Fantastic Furniture, Godfreys, Woolworths, Bursons, BWS etc
Launceston: important regional city with a catchment population of approximately 130,000
Rent: $71,955 pa
Auction 11am AEDT Wednesday 7 December 2016
River Room, Crown Casino, Melbourne
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
526 SQM
Building Area
885 SQM