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13a Lampton Avenue
Derwent Park TAS 7009
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Sold on 12 May 2021

13a Lampton Avenue Derwent Park TAS 7009

  • Factory, Warehouse & Industrial
  • 1,534 m²
  • Sold

Attractive ASX-Listed Tenanted Hardware Investment

Secure 7 year lease to 2026 plus two (2) further five (5) year options to 2036.
Guaranteed rental growth with annual fixed 3% rent increases.
Land Size: 2,368sqm* and building area of 1,534sqm*.
Coventry Group Ltd (ASX: CYG), a market leading hardware, industrial supply and fluid hydraulics business with a market cap of $117.46 million**.
FY21 Sales up 18.2%.
Net lease, tenant responsible for council rates, land tax and landlord insurances according to the lease.
Located in the leading industrial precinct of Hobart's northern suburbs with Bunnings, Coates Hire, United Tools, Total Tools, Searoad Logistics, ABS and Isuzu trucks all located within 500 metres.
Mornington: Located within the City of Glenorchy with a population of 71,558 within a 6km radius.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent $180,862* pa + GST.

To be sold by Investment Portfolio Auction:
10:30am AEDT
Wednesday 12 May 2021
Southbank, Crown Casino, Melbourne

2 other Nubco- Coventry Group Ltd freehold investments also available.
Contact sales team for more details.

**Coventry Group Ltd
***Commsec State of the state report
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

AUCTION

Auction date and time12/05/2021 10:30
Auction locationCrown Casino, Melbourne
Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold12 May 2021
Floor Area1,534 m²
Land Area2,368 m²
ParkingOn site parking available
Property ID2016934559
Category
Last updated  13 May 2021
Map for 13a Lampton Avenue Derwent Park TAS 7009

Nearest transport* to 13a Lampton Avenue Derwent Park TAS 7009

Bus
Stop 22, No.245 Main Rd241 m
Stop 22, No.242-246 Main Rd242 m
Stop 21, No.212 Main Rd (Metro Springfield)372 m
Stop C, Metro Springfield428 m
Data source: Metro Tasmania Pty Ltd (Metro)
*Within a 4km radius
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Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold12 May 2021
Floor Area1,534 m²
Land Area2,368 m²
ParkingOn site parking available
Property ID2016934559
Category
Last updated  13 May 2021

Co-Agents

Beau Coulter
Beau Coulter
Burgess Rawson VIC Pty Ltd
Call
0413 839 898
Billy Holderhead
Billy Holderhead
Burgess Rawson VIC Pty Ltd
Call
0422 817 696

More about 13a Lampton Avenue Derwent Park TAS 7009

13a Lampton Avenue Derwent Park TAS 7009 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 1,534 m² and a land area of 2,368 m². The listing ID for this property is 2016934559.

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