Premium Fully Leased Investment Opposite Woolworths
Elders Commercial is pleased to present 5 Innocent Street, Kings Meadows, a high-quality, fully leased commercial investment positioned within one of Launceston’s strongest suburban commercial precincts.+ Fully leased investment returning a net income of $76,434.24* per annum plus GST.
+ Under market rent with revisionary upside possible at the review.
+ Leased to the Launceston Benevolent Society, an established community organisation.
+ Current lease term has approximately 15 months remaining, with a further three-year option available to the tenant.
+ Modern improvements constructed in 2013*, comprising a combination of warehouse, showroom and first-floor office accommodation.
+ Well-presented building of concrete tilt panel construction, providing a durable, low-maintenance investment.
+ Prominent Kings Meadows location with excellent exposure and convenient access from Hobart Road.
+ Strategically positioned directly opposite the entrance to Woolworths Supermarket, benefiting from strong passing traffic and surrounding commercial activity.
+ Flexible General Business Zone and versatile building configuration provide strong future appeal to a broad range of tenants, investors and owner-occupiers.
The property is for sale via Expressions of Interest Closing 21 October 2026 at 4pm.
Please contact Fletcher Seymour or Cale Ayres for more information or to arrange an inspection.
Features
General Features
- Land Area: 0
- Commercial Type: Retail
- Building Area: 500sqm
- Zoning: General Business
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