Burgess Rawson in conjunction with Howell Property Group is delighted to offer to the market Forico at 16 Techno Park Drive, Kings Meadows (Launceston) for sale via Investment Portfolio Auction 176.

The property has the following investment highlights:

+ Renewed five (5) year lease to June 2030 plus options to 2040.
+ Forico: Tasmania’s leading forestry management company, wholly owned by ASX listed Perpetual Limited (Market cap $1.90 billion AUD).
+ State-of-the-art 905sqm* building on expansive 15,390sqm* landholding.
+ Landlord-favourable net lease terms with tenants paying usual outgoings including land tax.
+ Annual CPI rent reviews.
+ Single-tenant investment with minimal management required.
+ Techno Park: Launceston business park also home to Centrelink, Westpac and TasRail.
+ Launceston: the northern capital of Tasmania servicing local and regional population of 230,000+ experiencing record capital investment of $4.3b.***
+ Net Income: $359,635 pa* + GST

To be sold via Investment Portfolio Auction 176
10:30am AEST 14 May 2024
Crown Casino, Melbourne

*Approx
**ProfileID