ASX-Listed Auto Dealership Freehold Investment

60-70 marine terrace, burnie tas

Price: Contact Agent

  • Highly exposed 13,925sqm site
  • Adjacent to Bunnings and other majors
  • Super wide street frontage of 350m

Property Details

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

Highly exposed position directly adjacent to Bunnings & close to Harvey Norman, Spotlight, Repco, Petbarn, Supercheap Auto and directly opposite Medical Centre
Super wide 350 metre highway street frontage
Triple street access, allowing flexible design layout
Successful trader, servicing NW Tasmanian region, catchment 50,000+ (30km radius) and Tasmania's 4th largest town
Burnie: major commercial hub, Tasmania’s busiest port, focal education centre, extensive mining/forestry and agriculture, essential health services and growing cruise ship / tourist destination

Featured Details

Current Tenant Tenanted
Gross Building Area 3799 sqm
Land Size 13,925 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003488

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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