10 year lease to Australia’s Largest Pharmacy Group-Chemist Warehouse
2 Gordon Street, Sorell TAS
+ Secure 10 year lease to 2028 plus a further 10 year option to 2038
+ Chemist Warehouse: Australia’s largest pharmacy group with over 500 stores across Australia and Internationally
+ Chemist Warehouse controls around 50% of Australia’s pharmacy market
+ Landlord-favourable, net lease terms with tenant responsible for rates and taxes inclusive of Land tax
+ Guaranteed rental growth with fixed annual 4% increases
+ High profile 721sqm site with frontage to busy Gordon Street and rear carpark access
+ Shop 478sqm* plus 2 bedroom apartment above of 183sqm* with rental guarantee
+ Important Essential Service tenanted Investment
+ Superb central location with surrounding businesses including: Woolworths, Coles, BWS, McDonalds, KFC, United Service Station, Mitre 10 & Westpac
+ Tasmania: leading the national in key economic drivers, #1 CommSec State of the State Report
+ Sorell: A booming satellite city of Hobart with population forecast to grow by 18.5% by 2042
+ Net Rent: $175,479 pa (November 2021)
To be sold by Expressions of Interest.
Closing: 4:00pm AEST Thursday 12th August 2021.