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Blue-Chip Bunnings Warehouse Freehold Investment

20 Howard Road, Glenorchy TAS

Property Highlights

Unique 25 Year Triple Net Lease

Annual Fixed 3% Rent Increases

Net Rent $439,555pa

Description

Large format Bunnings Warehouse, built 2015.
Irreplaceable 38,310 sqm Highway corner site.
Annual fixed 3% rent increases through to 2040.
Extremely rare 25 year triple net lease to 2040 plus 25 year option.
Bunnings Warehouse: Arguably Australia’s most dominant retailer with extraordinary 15.5% average annual sales growth since 1995.
Strategic 38,310 sqm freehold site with over 380 at-grade car spaces.
120 metres of exposure and easy access to the Brooker Highway.
As new 16,900 sqm facility constructed in 2015 at Bunnings’ cost, future proof with provision for 2,000 sqm on-site expansion.
Emerging large format retail precinct 6.5km from Hobart CBD, with a major Spotlight and Anaconda development proposed next door.
Hobart TAS: Australia’s #1 residential property market with 29.4% increase in construction (state) and 9.3% price growth (Hobart) since 2017.
Net rent: $439,555 pa

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
38,310 SQM
Gross Building Area
16,900 SQM

Contact Agents

Billy Holderhead

+610 422 817696

Scott Meighan

0413 830 709

Jamie Perlinger

0413 860 315

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