- Prestigious Hobart catchment
- Proven Performer Set for Growth
- Recent $2.2M upgrade
Secure 10+ year lease plus 10 year option through Dec 2038.
Coles: Wholly owned subsidiary of Wesfarmers Limited, ASX listed giant with Market Capitalisation of $46.2 billion.
Proven trader: Sales constantly above turnover threshold and growing at an average of 5.44% pa since 2013.
Base and percentage rent consolidation every 5 years, next due December 2018.
Significant 2,729 sqm store, upgraded in summer 2017/18 to Coles requirements.
Strategic 4,065 sqm corner site with 100 on-site car spaces and seamless integration to adjoining McDonald’s car park.
Located in Tasmania’s most prestigious catchment of Battery Point and Sandy Bay, adjoining the Hobart CBD.
Important homebound side location within Sandy Bay's retail village.
Substantial capital allowance and depreciation tax benefits.
Net passing income: $728,000 pa (actual December 2017).
Forecast net income: $787,000 pa (December 2018).
For Sale by EOI Closing 4pm Thursday 22 March 2018
|Gross Building Area