10 Year Triple Net Lease Plus Options To Market Leading Nature’s Best
1-3 Legana Park Drive, Legana TAS
Property Highlights
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