Expansive Freehold Industrial Investment Leased to Global Mining Giant | 10 Year Net Lease to 2028

14 McKays Road , Somerset TAS

Property Highlights

1 x 5 year option to 2033
1,360sqm* NLA
Subsid. of Sandvik (STO: SAND)
Register to Bid

Description

Burgess Rawson is pleased to offer to the market DSI Underground Somerset located at 14 McKays Road, Somerset TAS for sale via our Investment Portfolio 167.

The property has the following investment highlights:

+ Ten (10) year net lease to DSI Underground to 2028
+ One (1) further five (5) year option to 2033
+ DSI Underground: Australia’s largest manufacturer & supplier of specialist strata reinforcement & support products to the underground mining sectors & subsidiary of Sandvik (STO:SAND), a global engineering firm with a market cap of $40.95 billion AUD
+ Fixed 3% annual rent increases with ratchet provisions at market review, ensuring future rental growth
+ Landlord favourable net lease terms with the tenant paying all outgoings including land tax
+ Impressive 1,192sqm* warehouse facility with two 4.8m clearance height roller doors and an additional 168sqm* office accommodation
+ Substantial 2,712sqm* landholding centrally located in Somerset’s industrial precinct with 25 designated on-site car spaces
+ Positioned within immediate proximity of the Bass Highway, an integral road network interconnecting three major cities in Tasmania & currently undergoing a $280 million upgrade^
+ Waratah Wynyard Council: second largest LGA of the ‘Cradle Coast Region’ with a strong manufacturing & agricultural economy producing a Gross Domestic Product of $6 billion^^
+ Net Income: $146,764 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 28 March 2024
The Hilton, Brisbane

Bidder registration required, register at portfolioauctions.com.au

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.
^ Tasmania State Government
^^ Waratah Wynyard Council

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Industrial
Land Size
2,712 SQM
Building Area
1,360 SQM

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