SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

CBA Investment Trophy

70 Main Road , Moonah TAS

Property Highlights

Renewed secured lease to CBA
Bank Chamber Since 1964
Assured Rental Growth -Fixed Increases

Description

Renewed 5 year lease to 2021, plus 5 year option through to 2026
Fixed 3% annual rent increases – assuring rental growth
Commonwealth Bank: Largest listed company on the Australian Securities Exchange with a market cap rate of $145 billion (July 2017)
CBA pay usual outgoings including Land Tax
Large 668 sqm site with retail frontage of 15.2 metres
Modern two level 762 sqm building with capital intensive tenant fit-out
Central ‘Golden Mile’ position amongst many national retailers including Australia Post and close to Moonah Central SC – Woolworths etc
Excellent taxation saving depreciation
Moonah: one of Tasmania’s most populous residential precincts only 5kms from Hobart CBD
Rent: $113,609 pa

Auction 11am AEST Wednesday 9 August 2017
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
668 SQM
Building Area
762 SQM

Contact Agent

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