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Strategic Showroom Investment – Tradelink: ASX Listed, Market Leading Plumbing Business

3 Grieve Close , West Gosford NSW

Property Highlights

Secure 7 Year Lease to Tradelink

Location Undergoing Rapid Growth

Impressive Showroom Investment

Description

Auction 11am AEDT Tuesday 4 December 2018
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Impressive freehold showroom investment
Massive 1,796 sqm site improved with quality improvements & yard

Near KFC, Dan Murphy’s, Officeworks, Bunnings, Coles & M1 Pacific Mwy
Strategic West Gosford location, bulky goods hub for the Central Coast
Strategic Central Coast Location Undergoing Rapid Growth
Central Coast: population 342,548 people & generating $13.72 billion in GRP
Population forecast to soar by over 20% to 414,615 people by 2036

Secure 7 Year Lease to Tradelink, ASX Listed Tenant
Recent lease to 2024 + option to 2031
Tradelink: Market Leading Plumbing Supplies Business
150 year history with over 100 stores nationally
Subsidiary of ASX listed Fletcher Building (ASX:FBU)
Fletcher employ some 19,000 staff in 40+ countries globally
Guaranteed rental growth, fixed 3% annual increases
Net lease, tenant pays outgoings including management fees, as per the lease
Easily managed, ASX listed tenant investment

Net Income: $106,090 pa + GST (Feb. 2019)

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
1,796 SQM
Gross Building Area
1 SQM

Contact Agents

Rhys Parker

0451 101 042

Darren Beehag

0411 226 223

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