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Tasmanian State Government, 171 Westbury Road, Prospect, Tas 7250

Tasmanian State Government, 171 Westbury Road, Prospect, Tas 7250

Offices Industrial/Warehouse Land/Development

  • Sold Contact Agent
  • Thu 16-May-19

Leased to Tasmanian State Govt - Major Government Office Complex

  • Office Complex on Large Landholding
  • Neighbouring Govt Owned Laboratories
  • Record Low Office Vacancies in TAS

  • Land Area
  • 1.63ha (4.04 acres) (approx)
  • Floor Area
  • 3,992 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jun 14, 2019

Interested in this property? Contact an Agent today

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Knight Frank - Launceston

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David Webster, Knight Frank - Launceston
David Webster

Leased to Tasmanian State Govt - Major Government Office Complex

90% of income secured by lease to 2028 + option
Balance of the lease to 2023 + option WALE 9.2 years
Significant 16,330 sqm landholding with 101 car spaces
Important facility leased to Tasmanian Department of Primary Industries, Parks, Water & Environment and Department of State Growth
Well presented buildings totalling 3,992 sqm including brand new 550 sqm warehouse storage facility
Strategic location within Tasmanian Government precinct adjoining Government owned office and laboratories
Greater Launceston: The major city servicing Tasmania’s north with population in excess of 110,000
Net Rent: $508,184 pa (Estimated as at July 2019)

Auction 11am AEST Wednesday 15 May 2019
River Room, Crown Casino, Melbourne

Tasmanian State Government, 171 Westbury Road, Prospect, Tas 7250

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