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New 7 Year Lease to Leading Franchisee – 24 Stores & Growing

92 Gilbert Street , Latrobe TAS

Property Highlights

New 7 Year 'Head Office' Company Lease
Net Lease, Plus Fixed 3% Increases
Major Store Upgrade in 2022
Register to Bid

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

Listing
Sale
Current Tenant
Tenanted
Land Size
456 SQM
Building Area
390 SQM

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