Booming ASX-Listed Tenant | Nubco State Distribution Centre
Description
+ Secure 7 year Lease to 2026 plus options to 2036
+ Nubco: Subsidiary of Coventry Group: ASX: (CYG), market leading hardware, industrial supply business with a current market cap of $135 million**
+ Investor friendly net lease with tenant responsible for council rates, water rates, land tax and landlord insurance
+ Modern, adaptable & substantial 3,695*sqm industrial buildings
+ Significant 12,120*sqm site with low site coverage -30.5% providing significant future expansion upside (STCA)
+ Don Road location provides excellent access to the Bass Highway, CBD and Port of Devonport
+ Devonport: Largest North West Coast City, major service centre and tourism link to Melbourne
+ Situated in Devonport main bulky goods & industrial precinct
+ Guaranteed rental growth with fixed 3% annual increases
+ Net Rental: $290,220* pa + GST
For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021
*Approx.
**As at August 2021
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Contact agents
Matthew Wright Partner
0458 290 588Beau Coulter Partner
0413 839 898Enquiry Form
Devonport, TAS
Lot 3/ 39a Don Road
- Sold Price: Contact Agent
This property was sold as part of Portfolio 147