104-108 Alexander Street Shearwater TAS 7307

Brand new 7+7+7+7 year Lease to blue chip tenant, HTH Pty Ltd trading as Becks Timber & Hardware, 67% owned by Woolworths and 33% by Lowes (USA).
Strategic corner location at gateway to industrial precinct and close to new proposed Woolworths Supermarket.
Prominent 3,986m2* site with dual street frontage. Low site coverage provides further development options STCA.
Principally modern retail warehouse building totals 800m2* recently rebadged to Becks branding and scheduled for internal refit at tenants expense.
Long established and proven hardware business since 1997.
Becks, a division of 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: $71,000 p.a.
Shearwater: Popular holiday destination 17kms from Devonport and one of Tasmania’s fastest growing towns.