15-17 Alanvale Road
Newnham TAS 7248
Offser over $9.5m
High Yielding Accommodation Complex + Strategic Land Holding
Elders Commercial is pleased to offer for sale an exceptional investment and development opportunity located in the heart of Launceston’s northern suburbs growth corridor.The 25 strata titled properties are only available for purchase 'in one line'.
Key property & investment highlights include:
- Secure long-term lease to an established business, Hillwood
Berries, returning a net income of $720,000 + GST per annum with a 10-year term.
- Tenant pays all outgoings including land tax & building insurance.
- Hillwood Berries are a strong tenant, operating the complex at 85-95% occupancy during the peak season.
- Over 6,000* sqm of surplus residential land that does not form part of the leased area and can be developed (STCA).
- Over 32,000 sqm* of rural land that has a concept plan for future development.
- The property contains 25 separate strata-titled units that provide a clear future sell-down strategy if desired.
- Large strata area of 4.68Ha* supports a strong underlying
land value providing purchasers with risk diversification.
- 29 self-contained flats with varying capacity (two-ten beds).
An additional 53 rooms with communal facilities. Practical
occupancy for the facility is 285 people per night.
Please contact Fletcher Seymour or Rodney Rawling for more information or to arrange an inspection.
**Units 17,18,20,31,32,33,39, 42,43,44,47 and 48 (within the boundary mark up) are owned by third parties and will not be offered for sale.**
Features
General Features
- Land Area: 5hect
- Commercial Type: Hotel/Leisure
- Building Area: 3,500sqm
- Zoning: General Residential
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Elders Real Estate Launceston
Enquire about 15-17 Alanvale Road, Newnham, TAS, 7248