Blue-Chip Auto Dealership Freehold Investment
Description
Auction Wednesday 3 April 2019 @ 11am
River Room, Crown Casino, Melbourne
Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures
Landmark position only 750 metres from Launceston GPO
Impossible to replicate in terms of scale and strategic position
Close to major Woolworths and Dan Murphy’s
Extremely rare, almost entire city block, affording
4 major CBD frontages totalling 290 metres
Extensively redeveloped to exceptional standard and presentation
Launceston: Tasmania’s 2nd largest city with 80,000+ people
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Launceston, TAS
170 Elizabeth Street
- Sold Price: Contact Agent
This property was sold as part of Portfolio 127