Massive Site – Long Lease to ASX-Listed Tenant
8C Lampton Avenue , Derwent Park TAS
Property Highlights
Description
Auction Wednesday 3 April 2019 @ 11am
River Room, Crown Casino, Melbourne
Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures
Major industrial land holding, almost impossible to replicate in Derwent Park and surrounds
Excellent logistics position close to main arterial roads, 15kms from Brighton transport hub and 7kms from Hobart CBD
Versatile buildings including high clearance warehousing, retail showrooms, offices, workshops, wash bays and parking
One of the largest truck servicing centres in the Southern Hemisphere
Full scale operation including servicing, fabrication and retail sales of trucks and parts
Net income $671,801 pa + GST
Property Details
Price
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