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Sold on 4 Jul 2019

20-26 Invermay Road Invermay TAS 7248

  • Shop & Retail
  • 649 m²
  • Sold

ASX-Listed Tenant on Long Lease

    Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
    ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
    Lease Term: Ten (10) years
    Lease Expiry: 31 March 2026
    Options: 3 x Five (5) year terms extending to 31 March 2041
    Outgoings: Payable by tenant as per the lease

    Strategic main road position close to Launceston CBD, Utas Stadium and planned relocation of University of Tasmania northern campus
    Invermay Road, one of the preferred precincts for large format retail, automotive and commercial showroom operations
    Expansive landholdings in this vicinity are rarely offered to the market place
    Valuable 80 metre retail frontage to Invermay Road, being highly visible to large traffic volumes
    Hosting a leading used-motor vehicle dealership, this prominent site has facilitated excellent year on year sales growth

    Net income $235,398 pa + GST

    Darren Beehag
    Burgess Rawson Sydney
    Darren Beehag
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney

    Property Highlights

    Property ID2014998837
    Date Sold4 Jul 2019
    Floor Area649 m²
    Land Area5,164 m²
    ParkingAsk Agent
    Category
    Last updated  1 Aug 2019
    Map for 20-26 Invermay Road Invermay TAS 7248
    Map for 20-26 Invermay Road Invermay TAS 724820-26 Invermay Road Invermay TAS 7248
    Darren Beehag
    Burgess Rawson Sydney
    Darren Beehag
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney

    Property Highlights

    Property ID2014998837
    Date Sold4 Jul 2019
    Floor Area649 m²
    Land Area5,164 m²
    ParkingAsk Agent
    Category
    Last updated  1 Aug 2019
    Burgess Rawson Sydney
    Level 18, 15 Castlereagh Street Sydney NSW 2000
    Darren Beehag
    Burgess Rawson Sydney
    Darren Beehag
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney
    Darren Beehag

    Darren Beehag

    Burgess Rawson Sydney

    Billy Holderhead

    Billy Holderhead

    Burgess Rawson Sydney

    0411 *** ***
    0411 226 223

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