Entry Level High Yield Circa 8.5% Investment
8 Formby Road , Devonport TAS
Property Highlights
Description
Second Bite, expanding national fresh food distributor, lease plus option to Nov 2025, fixed 3% increases
Allgoods, well known and long established camping and adventure retailer, lease plus option to March 2024, fixed 3% increases
Smaller third tenant on new leaseback plus option to Sept 2020, 3% increases
Excellent leasing history, property fully tenanted for over 20 years
Strategic gateway location between city centre and Tasmania’s main port and adjacent to highway interchange
Devonport/Ulverstone: a region with a population of 37,224 (ABS)
Neighbouring high profile brands Luxaflex, Pet Barn, Stihl and CSR etc
Easily accessible site of 929 sqm with parking
Flexible steel framed and well maintained building of 663 sqm
Rent: $57,351 pa (April 2017)
Auction 11am AEDT Wednesday 22 February 2017
River Room, Crown Casino, Melbourne
Property Details