251 Hindmarsh Drive Phillip ACT 2606

Brand new 7+7+7+7 year Lease to blue chip tenant, Home Timber and Hardware (HTH Pty Ltd), 67% owned by Woolworths and 33% by Lowes (USA).
Strategic location opposite major Westfield shopping centre and supported by the adjacent Ford, Shell/Coles Express, KMart Tyre & Auto Service and First Choice Liquor.
Major 2581m2* site with 21 car parks on title and adjoining large public car park.
Two level building of 2,506m2* recently refitted internally to Home Timber and Hardware corporate standard and currently being rebranded externally.
Long established and proven hardware business.
Home Timber & Hardware: Long established and growing network of over 240 stores across Australia.
Rents reviewed annually to CPI capped at 3.5%, with market reviews capped and collared at 10% at commencement of option periods.
Attractive net Lease structure with tenant responsible for Rates, Taxes, Building Insurance, Repairs and Maintenance.
Commencing Net Rent: $351,000 p.a.
Phillip: A well established suburb of Canberra, Australia’s Capital City having a population of 391,645 (2011 census)