Triple Net 12 Year Lease to Bunnings Plus Attractive 3% p.a Increases.


12 year net lease to 2026 plus options through to 2056.
Bunnings is Australia’s most successful hardware chain, a division of Wesfarmers Ltd, an ASX listed top 10 company, with 2015/16 sales exceeding $11.5 b, up 21% on previous year.
Large 30,380 sqm site, dual street frontage of 234 metres.
Important 296 on site car spaces.
Immaculate 11,901 sqm building, including main warehouse, timber yard and nursery – constructed 2014.
Premium Net lease with Bunnings paying usual outgoings incl. Land Tax.
Attractive 3% guaranteed rent increases.
Dominant trader servicing NW TAS region, catchment 100,000+.
Limited competition with 100 km return trip to nearest major hardware.
Significant tax depreciation benefits.
Burnie: major regional centre; Tasmania’s busiest port, focal education hub, essential health services & growing tourist/cruise ship destination
Net Income: $1,285,085 pa + GST (June 2017).

For Sale by Expressions of Interest Closing 3pm Tuesday 6 June 2017

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Contact agents
Darren Beehag Partner
0411 226 223
Raoul Holderhead Partner
0413 860 304
Enquiry Form

Burnie, TAS

1-5 Reeves Street

  • Sold Price: Contact Agent
Contact agents