Parmalat 1 River Street INVERMAY TAS 7248
Price on Request

DESCRIPTION

Impressive 4,820 sqm production facility constructed 2011.
Secure 15 year lease to 2027 plus options to 2042.
Significant taxation saving depreciation.
Parmalat: Global conglomerate and dairy food producer employing over 36,000 people across 18 countries.
15 year lease to Parmalat Australia YD Pty Ltd with parent company guarantee.
Tenant pays usual outgoings including Land Tax, under all repairing lease.
Huge 1.178 ha ‘General Industrial’ zoned site.
Strategic location close to East Tamar Hwy & 1.5km from CBD, amongst Lysaght, Origin, Smorgon ARC, Harvey Norman and BlueScope Steel.
Launceston: Tasmania’s largest northern city with a growing trade catchment of over 140,000 people.
Tasmania: Booming economy with growth of 29.4% in dwelling construction and 6.2% in retail sales (62% above national average).
Rent: $838,930 pa (July 2019 assume 2.7% CPI).

For Sale by Expressions of Interest
Closing 4pm Thursday 7 March 2019