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Knight Frank - Launceston
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42 Appledore Street Miandetta, TAS 7310

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For Sale

42 Appledore Street Miandetta, TAS 7310

Development Sites & Land • Warehouse, Factory & Industrial
Sale Price

$1,290,000 plus GST (if applicable)

Land area

0.56ha (1.37 acres)

Floor area

1619.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Well Leased Industrial Complex with Future Development Appeal

Knight Frank is pleased to offer for sale, a prominent asset, subject to a strong lease covenant to a leading Tasmania based construction company, Vos Construction & Joinery Pty Ltd. 42 Appledore Street, Miandetta (a suburb of Devonport) provides a well-positioned workshop and office facility, established on a significant land parcel of some 5,554 sqm (approx).

The property is ideal for investors seeking a fully leased, strategically positioned, workshop and office facility, situated on a valuable landholding which has identifiable “future-use” development potential (STCA) provided by its zoning as ‘General Residential’ under the Devonport Interim Planning Scheme 2013.

- A dominant location close to Devonport and major road networks

- A predominantly level landholding, with improvements beneficial to the Lessee’s operation

- Fully leased on a 5+5 year term commenced 1 November 2017

- Lessee pays all statutory outgoings. Council rates; Land Tax (single holding), Taswater.

- Current net passing income $122,186.91 (before owner’s outgoings)

- A ‘General Residential’ landholding with identifiable ‘future-use’ development potential (STCA)

For further details or to inspect, please contact Nicholas Bond or David Webster of Knight Frank.

Property ID: 503025010Last Updated: 18 Jan 2019

Knight Frank - Launceston
42 Appledore Street
Miandetta, TAS 7310
David Webster

Knight Frank - Launceston

54 Cameron Street
LAUNCESTON, TAS 7250

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Knight Frank - Launceston

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Knight Frank - Launceston

54 Cameron Street
LAUNCESTON, TAS 7250
Knight Frank - Devonport

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Knight Frank - Devonport

Shop 8, 48-54 Oldaker Street
DEVONPORT, TAS 7310
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David Webster

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David Webster
Knight Frank - Launceston
42 Appledore Street Miandetta, TAS 7310

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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