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The Jewel of Burnie, Long Lease to ASX-Listed Tenant

60-70 Marine Terrace , Burnie TAS

Property Highlights

Highly exposed 13,925sqm site

Adjacent to Bunnings and other majors

Super wide street frontage of 350m

Description

**Under Offer**

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

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

Net income $455,767 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Nissan/Holden/Honda
Land Size
13,925 SQM
Gross Building Area
3,799 SQM

Contact Agents

Darren Beehag

0411 226 223

Billy Holderhead

0422 817 696

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