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Launceston CBD – Long Lease to ASX-Listed Tenant

170 Elizabeth Street , Launceston TAS

Property Highlights

Landmark 7,428sqm site, 750m from GPO

Almost entire block

Close to Woolworths & Dan Murphy’s

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

Landmark position only 750 metres from Launceston GPO
Impossible to replicate in terms of scale and strategic position
Close to major Woolworths and Dan Murphy’s
Extremely rare, almost entire city block, affording
4 major CBD frontages totalling 290 metres
Extensively redeveloped to exceptional standard and presentation
Launceston: Tasmania’s 2nd largest city with 80,000+ people

Net income $883,423 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Holden/Nissan/Hyundai
Land Size
7,428 SQM
Gross Building Area
3,469 SQM

Contact Agents

Darren Beehag

0411 226 223

Billy Holderhead

0422 817 696

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