Auto Retail Investment – Leased to ASX Listed Subsidiary
53 Don Road, Devonport TAS
+ 4 year lease to July 2022 plus option to 2026.
+ Tenant pays usual outgoings.
+ Well presented 514 sqm building on 961 sqm freehold title.
+ Burson Auto Parts: 180 stores and wholly owned subsidiary of ASX-Listed Bapcor with a Market Cap of $2B.
+ Annual rent reviews.
+ High exposure destination location amongst complementary auto tenants and car dealerships.
+ Net Income: $42,920 pa + GST
Auction 11am AEDT Wednesday 11 December
Crown Casino, Melbourne, VIC