Launceston CBD – Long Lease to ASX-Listed Tenant

170 elizabeth street, launceston tas

Price: Contact Agent

  • Landmark 7,428sqm site, 750m from GPO
  • Almost entire block
  • Close to Woolworths & Dan Murphy’s

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

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

Featured Details

Current Tenant Tenanted
Gross Building Area 3469 sqm
Land Size 7,428 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003483

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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