ASX-Listed Auto Dealership Freehold Investment

195 macquarie street, hobart tas

Price: Contact Agent

  • Key 7,753sqm site, 3 street frontages
  • Central CBD, nearby to major landmarks
  • Extremely rare landbank opportunity

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

Rare opportunity to purchase entire CBD block boasting 3 street frontages including Hobart’s Macquarie Street
Major operation including modern high quality retail showrooms (Holden & Hyundai) plus parts and service
Adjacent to key Hobart CBD sites including the new $70m Ibis Hotel, BMW Hobart, Tax Office, Village Cinema and Hobart's largest office building 188 Collins
Superb long standing tenant with future development potential in the heart of Hobart’s CBD
Hobart: capital city of Tasmania boasting growing tourism, education, commercial enterprise and Australia’s best performing residential market

Featured Details

Current Tenant Tenanted
Gross Building Area 8515 sqm
Land Size 7,753 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003482

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E

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