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176 Channel Highway
Kingston TAS 7050
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Sold on 31 Mar 2021

176 Channel Highway Kingston TAS 7050

  • Shop & Retail
  • 1,632 m²
  • Sold

Booming ASX-Listed Hardware Tenant

    Secure 7 year lease to 2026 plus two (2) further five (5) year options to 2036.
    Coventry Group Ltd (ASX: CYG), a market leading hardware, industrial supply and fluid hydraulics business with a market cap of $97 million**.
    FY21 Sales up 18.2%.
    Landlord friendly net lease, tenant responsible for council rates, land tax and insurances according to the lease.
    Guaranteed rental growth with annual fixed 3% rent increases.
    Prominent 4,138sqm* corner site with over 13,000 passing cars daily.
    Well presented 1,632 (approx.) warehouse and showroom.
    Surrounded by leading retailers and significant office buildings including Bunnings, United, Beaurepairs, Mitre 10, Harvey Noman and the Australian Antarctic. Division all within 600 metres* Kingston: 15kms from Hobart CBD, one of Tasmanias fastest growth regions.
    Commsec ranks Tasmania as Australia best performing economy in key indicators***.
    Net Rent: $216,678* pa + GST.

    To be sold by Investment Portfolio Auction:
    10:30am AEDT
    Wednesday 31 March 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

    *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 time31/03/2021 10:30
    Auction location176 Channel Highway, Kingston TAS

    Property Highlights

    Date Sold31 Mar 2021
    Floor Area1,632 m²
    Land Area4,138 m²
    ParkingAsk Agent
    Property ID2016843395
    Category
    Last updated  1 Apr 2021
    Map for 176 Channel Highway Kingston TAS 7050

    Property Highlights

    Date Sold31 Mar 2021
    Floor Area1,632 m²
    Land Area4,138 m²
    ParkingAsk Agent
    Property ID2016843395
    Category
    Last updated  1 Apr 2021
    Level 20, 150 Lonsdale Street Melbourne VIC 3000

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