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19 Marlborough Street, Longford, Tas 7301

19 Marlborough Street, Longford, Tas 7301


  • Sold $495,000
  • Tue 15-Jan-19

  • Land Area
  • 721.00 m² (approx)
  • Floor Area
  • 345 m²
  • Tenure Type
  • Vacant Possession
  • Building
  • Whole
  • Last Updated
  • Jan 15, 2019
  • Parking Comments
  • Approximately 350m2

Interested in this property? Contact an Agent today

Roberts Licenced Properties - Hobart

172 Collins Street

Hobart Tas 7000

Roberts Regional North - Longford

Blue Chip Passive Income Earner

It does not get any simpler than this if you are after a secure, reliable income stream.
Freehold purpose-built pharmacy building; established 40-year business; securely leased on 5+5+5 lease and a well-cared for low maintenance building. The business is under-pinned by a strong local community requiring pharmacy services, general chemist/health/beauty products and extensive gift lines. Located in a high profile well-recognised location and supported by a busy local doctor's practice and aged care facility. The landlord can be confident of the security of an ongoing tenancy. The building offers a huge footprint (345m2) with retail space, dispensing area, consulting area plus staff facilities!
Flat, easy care block (721m2) with good off street parking and service/delivery access. Zoned "General Business"
Your investment at a glance:
* Freehold; fully leased pharmacy building
* Purpose built, brick, low maintenance; some 345m2 footprint
* Leased on 5 years plus (x2) 5-year options
* 18 months into first 5-year period annual rental income at commencement $42,000 (plus GST)
* Annual CPI increases
* Projected net return to the landlord of 8.5-9%

19 Marlborough Street, Longford, Tas 7301

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