Freestanding LFR Freehold Investment | Renewed Lease To National Giant Petbarn

Description

Burgess Rawson in conjunction with Edwards Windsor Real Estate are pleased to offer to the market Petbarn in Derwent Park Tasmania for sale via Auction Investment Portfolio 170.

The property has the following key investment highlights:

+ Recently renewed Five (5) Year lease to 2028 plus options to 2038, to Petbarn, on-site for 10+ Years
+ Petbarn: National network of 140+ Sites, owned by Greencross Vets, subsidiary of NASDAQ listed TPG Capital, Australia Super and Ontario Pension Plan.
+ Highly sought after fixed annual 3% rental increases and rare corporate rental guarantee.
+ Irreplaceable 1,134sqm* ‘Commercial Zoned’ site in Hobart’s most sought after LFR and industrial precinct of Derwent Park.
+ Fully occupied by Petbarn with building area of 604sqm* comprising Warehouse and Showroom as well as important level on-site carparking.
+ Located in the leading industrial precinct of Hobart’s northern suburbs with Bunnings, Coates Hire, United Tools, Total Tools, Searoad Logistics, Repco, ABS and Isuzu trucks all located within 1km*.
+ Within 1km of Moonah- Major shopping precinct of Northern Hobart with major tenants including Woolworths, Chemist Warehouse, Harris Scarfe and all major banks.
+ Derwent Park: Booming industrial suburb of Glenorchy with a population of approximately 72,000 within a 6km radius*
+ Tasmania: Has consistently led the nation over the past 3 years in CommSec’s state of the state report, currently number #2 in equipment spending.
+ Minimal management investment
+ Estimated Net Income: $159,745 pa* plus GST

To be sold by Investment Portfolio Auction: 
10:30am (AEST) Wednesday 7 August 2024
River Room, Crown Casino, Melbourne

* Approx

Enquire

Contact agents
Matthew Wright Partner
0458 290 588
Beau Coulter Partner
0413 839 898
Enquiry Form

Derwent Park, TAS

62 Derwent Park Road

For Sale by Portfolio Auction
Wednesday 7th August 10:30AM Crown Casino - River Room - Melbourne

This property is part of Portfolio 170

Price: Contact Agent

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