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10 Year Triple Net Lease Plus Options To Market Leading Nature’s Best

1-3 Legana Park Drive , Legana TAS

Property Highlights

New 10 Year Triple Net Lease
Lease to Natures Best (Pets Domain)
Significant 1.2ha Freehold Landholding
Register to Bid

Description

Burgess Rawson and Knight Frank are delighted to offer to the market the Natures Best warehouse and office facility at 1-3 Legana Park Drive, Legana (Launceston), TAS for sale via Burgess Rawson Investment Portfolio Auction 162.

+ Secure 10 year lease to 2033 plus options to 2053
+ Nature’s Best: market leading animal feed and pet product supplier with lines throughout Pets Domain, Petbarn & Comfy Pet (NZ) plus more
+ Tenant pays all outgoings including insurance & maintenance
+ Attractive annual CPI reviews
+ Large 3,341sqm* manufacturing and warehouse facility plus brand new two level office
+ 10,200sqm (1.2ha) industrial landholding with low site coverage allowing future development/expansion STCA
+ Significant depreciation benefits with 40% of year 1 rent potentially tax free.
+ Legana TAS: Thriving suburb of greater Launceston, approx 12 kilometres north of Launceston CBD and undergoing significant residential and commercial growth as evidenced by the brand new $24 million primary school and community hub opening 2025
+ Single tenant minimum management investment
+ Launceston: the northern capital of Tasmania servicing local and regional population of 230,000 +
+ Net Income: $425,000 pa* + GST

Burgess Rawson
Shaun Venables 0411 860 865
Beau Coulter 0413 839 898

Knight Frank
David Webster 0419 516 629
Cale Ayres 0439 358 094

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
10,200 SQM
Building Area
3,341 SQM

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