Leased to a single longstanding tenant, McDermott’s Coaches, who have been in occupation since 2011, the property comprises:

- Current lease to 2nd October 2022
- 3 Year option to follow
- Current passing annual rental reflects a net yield of 7.4%
- Extensively improved
- 4,000m2 of land

The property configuration of a front warehouse and office building separated into two workshop areas and at the rear is a residential one bedroom flat. In addition there are three rear warehouses, external walls are tilt up concrete panel as are the sectional walls and all have their own amenities and excellent roller door access and clearance.

Security fenced, the yard area is extensive and is bitumen and concrete sealed offering excellent access and is ideal for parking buses in the tenant’s case along with great car parking.

In an ever growing part of Greater Launceston and the Tamar Valley, “Legana is often cited as being the fastest growing area in Tasmania”- source West Tamar Council. Here is an income generating asset with future potential.

The information on this website has in part been supplied to Humphreys Real Estate Pty. Ltd .by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties

The information on this website has in part been supplied to Humphreys Real Estate Pty. Ltd. by third parties and Humphreys Real Estate Pty. Ltd. has not checked the accuracy of the information and does no more than pass it on.