ASX-Listed Auto Dealership Freehold Investment

20-26 invermay road, invermay tas

Price: Contact Agent

  • Large 5,164sqm site
  • Close to Launceston CBD, wide frontage
  • Sought after retail, auto, showroom

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

Strategic main road position close to Launceston CBD, Utas Stadium and planned relocation of University of Tasmania northern campus
Invermay Road, one of the preferred precincts for large format retail, automotive and commercial showroom operations
Expansive landholdings in this vicinity are rarely offered to the market place
Valuable 80 metre retail frontage to Invermay Road, being highly visible to large traffic volumes
Hosting a leading used-motor vehicle dealership, this prominent site has facilitated excellent year on year sales growth

Featured Details

Current Tenant Tenanted
Gross Building Area 649 sqm
Land Size 5,164 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003486

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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