Massive Exposure – Long Lease to ASX-Listed Company

1 don road, devonport tas

Price: Contact Agent

  • Gateway CBD site of 12,660sqm
  • Massive 159m retail frontage
  • Landmark, difficult to replicate

Property Details

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

Prominent gateway position on major access route to Devonport CBD
Massive 159 metre retail frontage and additional rear frontage
Long established operation in Devonport, at this site since 2008
Landmark real estate, extremely difficult to replicate
Devonport: major agricultural and logistics hub, undergoing a significant CBD regeneration project ‘Living City’ and primary port gateway to Tasmania
Local council population of 25,000 and growing

Net income $442,811 pa + GST

Featured Details

Current Tenant Tenanted
Gross Building Area 2746 sqm
Land Size 12,660 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003487

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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