New 7 Year Lease to Leading Franchisee – 24 Stores & Growing
92 Gilbert Street , Latrobe TAS
Property Highlights
Description
+ Brand new 7 + 5 + 5 year ‘Head Office’ lease to 2038
+ Tenant pays all usual outgoings
+ Fixed 3% increases – assuring rental growth
Major store tenant upgrade proposed in 2022
+ Subway: World’s largest restaurant chain with 40,000+ stores
+ Long proven leading franchisee with 24 stores and growing, including 10 stores in Tasmania,
+ 456sqm site which includes with triple frontage and exposure including frontage to Station Square and rear council carpark
+ Includes a residential tenancy at rear of building – long term occupant
+ Central main road location, amongst BWS, IGA Supermarket, Australia Post, Vinnies, CBA, Reject Shop, Mitre 10,m Pharmacy, Dentist
+ Latrobe – retail and commercial capital of Latrobe Council – catchment population 11,300, 8 kms from Devonport
+ Net Income: $45,916 pa + GST
For Sale by Investment Portfolio Auction
11:15am (AEDT) Thursday 11 November 2021
Property Details