Massive Exposure – Long Lease to ASX-Listed Company
1 Don Road , Devonport 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
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
Property Details
Price
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