10 & 12-16 Sorell Street George Town TAS 7253

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).
Visually significant building within important deep water port town.
1,777m2* site located in main retail precinct provides scope for further development.
Two level buildings totalling 1,070m2* includes main retail showroom, first floor and ground level storage and 4 bedroom residence ($155p/w to 25/1/14).
Long established and proven hardware business over 25 years.
Affordable investment opportunity, expected price range $500,000 plus
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: $47,060 p.a.