“Launceston Lanes” 10 Pin Bowling Centre

Long established 20 lane bowling centre situated at Kings Meadows in Tasmania

Offered For Sale By Expressions Of Interests subject to a leaseback arrangement to a blue-chip national tenant.

Constructed circa 1984, the property has operated continuously as a Ten Pin Bowling Centre, and is nearby a stand-alone Woolworths Supermarket; Centro Meadow Mews Shopping Centre and the vibrant commercial/retail precinct of Hobart Road Kings Meadows.

Lease detail s are as follows:

- Lease Term – 5 years
- Lease Commences – at completion of sale
- Options – 3 further terms of 5 years
- Initial Rent – $100,000 pa
- Outgoings – lessee to pay- rates, land tax & GST

Full details are available from David Webster 0419 516 629 or from conjunction agents CB Richard Ellis – David Cohen 0419 888 867 or Scott Orchard 0425 760 712

Expressions of Interest Close 2pm, 3rd June 2009.