Burgess Rawson are pleased to offer to market Pets Domain at 1 Legana Grove, Legana (Launceston) TAS to be sold via Investment Portfolio Auction 174.

This property has the following investment highlights:

+ New Ten (10) year lease to Pets Domain to November 2034 plus options to 2054.
+ Pets Domain: a wholly owned subsidiary of Pet Solutions with product lines including Natures Best, 72 plus stores across Australia.
+ Pet Solutions International/Natures Best/Pets Domain head office and manufacturing/distribution facility based in Legana with additional distribution facilities in St Leonards TAS, Laverton North VIC and Slacks Creek QLD
+ Compounding, fixed 3% annual rent increases, providing certain rental growth.
+ Tenant pays usual outgoings, including land tax.
+ 2024 construction, providing significant tax saving depreciation benefits.
+ Key 1,448sqm* freehold landholding offering state-of-the-art construction built to the latest Pets Domain corporate standards.
+ Single tenant minimum management investment.
+ Ideal retail position, enveloped by Woolworths, KFC, BWS, EG Ampol and The Reject Shop, plus future childcare, wellness and retail developments.
+ Only dedicated pet store in Legana servicing over 4,200 registered dogs.
+ Legana TAS: Thriving suburb of greater Launceston and one of Tasmania’s fastest growing regions, approx. 12km north of Launceston CBD and undergoing significant residential and commercial growth as evidenced by the brand new $24 million primary school and community hub opening 2025
+ Launceston: the northern capital of Tasmania servicing local and regional population of 230,000 +

+ Net Income: $210,000 pa* + GST

For sale via Investment Portfolio Auction 174
10:30am AEDT, Wednesday 19 February
Crown Casino, River Rooms, Melbourne VIC

Local and interstate bidding available by prior arrangement.

For further information, please contact the Burgess Rawson selling agents.

*Approx