Brand New 10 Year Lease – Prized Freehold Industrial Investment
26 Loone Lane , Spreyton TAS
Property Highlights
New 10 Year Lease to April 2031
GP Glass: Market Leading Tenant
Net Lease / Fixed Rent Increases
Description
+ Brand new 10 year lease to April 2031 plus options to 2041
+ Fixed 3% annual rent increases
+ Tenant pays outgoings
+ GP Glass: Tasmania’s leading manufacturer of aluminium windows, doors, showers screens
+ Security of bond and personal guarantees to the performance of the Lease
+ Well maintained and recently extended 1,935sqm facility
+ Large 4,859sqm site with abundant car parking and hardstand
+ Devonport: important Port City centrally positioned to service Tasmania state wide
+ Net Income: $131,020 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Industrial
Land Size
4,859 SQM
Building Area
1,935 SQM