Booming ASX-Listed Tenant | Nubco State Distribution Centre

Lot 3/39a Don Road, Devonport TAS

Property Highlights

Secure 7 year lease on net terms
Booming ASX-listed tenant
Fixed annual 3% increases
Register to Bid

Description

+ Secure 7 year Lease to 2026 plus options to 2036
+ Nubco: Subsidiary of Coventry Group: ASX: (CYG), market leading hardware, industrial supply business with a current market cap of $135 million**
+ Investor friendly net lease with tenant responsible for council rates, water rates, land tax and landlord insurance
+ Modern, adaptable & substantial 3,695*sqm industrial buildings
+ Significant 12,120*sqm site with low site coverage -30.5% providing significant future expansion upside (STCA)
+ Don Road location provides excellent access to the Bass Highway, CBD and Port of Devonport
+ Devonport: Largest North West Coast City, major service centre and tourism link to Melbourne
+ Situated in Devonport main bulky goods & industrial precinct
+ Guaranteed rental growth with fixed 3% annual increases
+ Net Rental: $290,220* pa + GST

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

*Approx.
**As at August 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Warehouse/Showroom
Land Size
12,120 SQM
Building Area
3,695 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights