SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Landmark Investment – Long Lease to ASX-Listed Tenant

270 Main Road , Glenorchy TAS

Property Highlights

Strategic 3,996sqm site, wide frontage

Highly prominent position, 7km Hobart

Affordable price point

Description

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

Prime main road position only 7kms from Hobart CBD
Wide 67 metre frontage including high exposure to major, traffic light-controlled intersection
Longstanding, successful car dealership, recently rebranded to Zooper (a thriving A.P. Eagers chain of 70 used car dealerships nationally)
Modern showroom, offices and workshop with capacity for 130 motor vehicles
Strategic inner Hobart catchment, with a residential population exceeding 46,000 within the City of Glenorchy
Affordable investment opportunity offering excellent future growth and possible long term development prospects

Net income $186,151pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
AP Eagers Limited
Land Size
3,996 SQM
Gross Building Area
726 SQM

Contact Agents

Darren Beehag

0411 226 223

Billy Holderhead

0422 817 696

Request Information

Stay up to date with our latest portfolio auctions & insights