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Chemist Warehouse, 98 Wellington Street, Launceston, Tas 7250

Chemist Warehouse, 98 Wellington Street, Launceston, Tas 7250

Retail Showrooms/Bulky Goods

  • Sold Contact Agent
  • Tue 10-Aug-21

Chemist Warehouse - Renewed 5 Year Net Lease

  • Australia's Largest Pharmacy Chain
  • Fixed 3% Increases - assuring growth
  • Central amongst Coles, Woolworths etc

  • Land Area
  • 526.00 m² (approx)
  • Floor Area
  • 885 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Sep 15, 2021

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Raoul Holderhead, Burgess Rawson - Melbourne
Raoul Holderhead
Beau Coulter, Burgess Rawson - Melbourne
Beau Coulter
Shepherd & Heap Pty Ltd - LAUNCESTON

49 Cameron Street

Launceston Tas 7250

Ian Singline, Shepherd & Heap Pty Ltd - LAUNCESTON
Ian Singline

Chemist Warehouse - Renewed 5 Year Net Lease

+ Renewed Five (5) year lease to October 2025 plus option to 2030.
+ Chemist Warehouse: Australia’s largest pharmacy group with over 450 stores across Australia and Internationally.
+ Investor preferred net lease terms with Chemist Warehouse paying all usual outgoings as per lease.
+ Chemist Warehouse controls around 50% of Australia’s pharmacy market.
+ Generous fixed 3% annual rent increases assuring growth.
+ Important ‘Essential Service’ tenanted Investment.
+ High profile 526sqm ‘Commercial’ zoned site with 23,150* vehicles passing daily on average.
+ Commanding 885sqm three level freehold building including basement leased by JBC SportsPower.
+ Strategic CBD location amongst Coles x2, Woolworths, Dan Murphy’s & Fantastic Furniture.
+ Tasmania: leading the nation in key economic drivers, #1 in CommSec State of the State Report.
+ Launceston: capital of northern Tasmania experiencing record capital investment of $4.3B.
+ Estimated Net Rent: $83,200pa + GST (as at October 2021)

To be sold by Burgess Rawson Investment Portfolio Auction
Tuesday 10th August 2021
Bidding available via phone, online, and in person at

Chemist Warehouse, 98 Wellington Street, Launceston, Tas 7250

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