ASX-Listed Tenant on Long Lease

20-26 Invermay Road , Invermay TAS

Property Highlights

Large 5,164 sqm site

Close to Launceston CBD, wide frontage

Sought after retail, auto, showroom

Description

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

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

Net income $235,398 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
AP Eagers Limited
Land Size
5,164 SQM
Gross Building Area
649 SQM

Contact Agents

Darren Beehag

0411 226 223

Billy Holderhead

0422 817 696

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