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Massive Site – Long Lease to ASX-Listed Tenant

8C Lampton Avenue , Derwent Park TAS

Property Highlights

30,270sqm landholding, 7kms to Hobart

Major truck servicing, parts & retail

Outstanding logistics position

Description

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

Major industrial land holding, almost impossible to replicate in Derwent Park and surrounds
Excellent logistics position close to main arterial roads, 15kms from Brighton transport hub and 7kms from Hobart CBD
Versatile buildings including high clearance warehousing, retail showrooms, offices, workshops, wash bays and parking
One of the largest truck servicing centres in the Southern Hemisphere
Full scale operation including servicing, fabrication and retail sales of trucks and parts

Net income $671,801 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Isuzu/Mack/UD/Volvo Trucks
Land Size
30,270 SQM
Gross Building Area
12,276 SQM

Contact Agents

Darren Beehag

0411 226 223

Billy Holderhead

0422 817 696

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