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Commercial Investment/Development Opportunity

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Description

Located in Ulverstone, a busy town on Tasmania's North-West coast, this commercial property has become available for sale. Built in 1999, in excellent condition throughout and with a generous land size of 742 sqm, and a building of 106 sqm, this property is zoned General Business and has outstanding development potential (STCA).

Currently tenanted by a health professional until a minimum of June 2020, the property provides a 7.2% nett return based on listing price. Tenant pays all outgoings.

The current layout provides for a large reception area, 4 offices, a kitchen, disabled-accessible toilet and 4-car cover carport. The driveway provides private access to the carport with additional parking available on the vacant land to the rear of the property if required. Air conditioning inside the property.
Great frontage onto busy King Edward Street, with neighbouring tenancies such as Harris Scarfe department store, Red Cross and the major bottle shop and eateries in town.

Please contact Colin Rowlands at Halliwell Property Agents for further information or to inspect.

Contact

Colin Rowlands

Colin Rowlands

0409 028 673

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