328B Invermay Road
Mowbray TAS 7248
For Sale at $1.85 million
Cash-flow generous, Industrial style investment. Mowbray.
Supporting multiple tenancy areas from self-storage "units" to near 1,900 sqm of one floor, the property is valuably situated next door to the new Mowbray Sport and Recreation Hub and accessed via a ROW from Invermay Road.The two major tenancy areas support a retail / wholesale supplier (lower level) and a professional scaffolding company (upper level). Seven further tenancies range from self storage units on a week by week basis, together with casual storage users.
The property illustrates as likely presenting re-development scope, and / or retaining the current use with the regular and casual income streams. currently generating an estimated net return of $185,000* per annum.
An ideal property for a "hands-on" owner seeking a project of significance.
For Sale at $1.85 million, approximating 10%* return
Features
General Features
- Land Area: 3,649sqm
- Commercial Type: Industrial/Warehouse
- Building Area: 2,900sqm
- Zoning: Urban Mixed Use
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