5 Kiln Court
St Leonards TAS 7250
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Premium Industrial Investment with Strong Lease Covenant
Elders Commercial is pleased to present an outstanding leased industrial investment in Launceston’s growing St Leonards precinct.Key investment highlights include:
- Premium lease covenant to “Solstice Energy”, a strong business who offers electricity and natural gas across Victoria and Tasmania. Formally known as Tas Gas, the tenant has been in the property since 2014.
- Solstice Energy is a majority Australian-owned entity under the management of FAFM (Foresight Australia Funds Management). FAFM is a division of Foresight Group, with current funds under management of $25b.
- High quality industrial/office facility with over 1,530 sqm* of lettable area, made up of 890 sqm* office and 570 sqm* warehouse. There is also a 70 sqm* shed outside of the leased area.
- Extremely valuable and rare 37-onsite car parks.
- Large freehold title of 3,444 sqm* with coveted “Light Industrial” zoning.
- Premium location within the growing St Leonards industrial hub, only 7 minutes from the Launceston CBD.
- Unexpired lease term of 3.66 years with a further 5-year option.
- Net Income of $299,161 pa + GST.
Please contact Fletcher Seymour or Isabelle Firth for more information or to arrange an inspection.
*Approx
Features
General Features
- Commercial Type: Industrial/Warehouse
- Building Area: 1,530sqm
- Zoning: Light Industrial
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