Subsidiary of Emirates Group – Longstanding Tenant 10+ Years
Shop 2/111-113 St John Street, LAUNCESTON TAS
Description
Secure 7 year lease to March 2022 plus options to 2032.
Hudsons Coffee: A wholly owned subsidiary of Emirates Group, Dubai Government owned with annual turnover US$18.4 Billion.
Annual CPI (max 4%) reviews with market review upside.
Tenant pays all usual outgoings including single holding land tax.
Substantial retail shop of 230 sqm with recent major fit out upgrades in 2015 providing depreciation benefits.
Single tenant minimum management investment.
Launceston: Tasmania's largest northern city with a growing trade catchment over 140,000 people.
Rent: $61,088 pa.
Auction 11am AEDT Wednesday 6 April.
River Room, Crown Casino Melbourne.
Hudsons Coffee: A wholly owned subsidiary of Emirates Group, Dubai Government owned with annual turnover US$18.4 Billion.
Annual CPI (max 4%) reviews with market review upside.
Tenant pays all usual outgoings including single holding land tax.
Substantial retail shop of 230 sqm with recent major fit out upgrades in 2015 providing depreciation benefits.
Single tenant minimum management investment.
Launceston: Tasmania's largest northern city with a growing trade catchment over 140,000 people.
Rent: $61,088 pa.
Auction 11am AEDT Wednesday 6 April.
River Room, Crown Casino Melbourne.
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Cafe
Land Size
230 SQM
Building Area
230 SQM