20-26 Invermay Road

Invermay TAS 7248

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› 20-26 Invermay Road, Invermay TAS 7248

Sold on 4 Jul 2019

20-26 Invermay Road Invermay TAS 7248

Shop & Retail
5,164 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

Burgess Rawson Sydney

Level 11.02, 9 Castlereagh Street

Sydney, NSW 2000

Property Highlights

Date Sold	4 Jul 2019
Floor Area	Ask Agent
Land Area	5,164 m²
Parking	Ask Agent
Property ID	2014998837
Category	Shop & Retail Development / Land Showrooms / Bulky Goods
Last updated	1 Aug 2019

Map for 20-26 Invermay Road Invermay TAS 7248

Nearest transport* to 20-26 Invermay Road Invermay TAS 7248

Bus

Stop 5, No.32-38 Invermay Rd	105 m
Stop 5, No.157-161 Invermay Rd	110 m
North Inveresk Car Park	339 m
Stop 4, No.89-95 Invermay Rd	343 m

Data source: Metro Tasmania Pty Ltd (Metro)

*Within a 4km radius

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Burgess Rawson Sydney

Level 11.02, 9 Castlereagh Street

Sydney, NSW 2000

Property Highlights

Date Sold	4 Jul 2019
Floor Area	Ask Agent
Land Area	5,164 m²
Parking	Ask Agent
Property ID	2014998837
Category	Shop & Retail Development / Land Showrooms / Bulky Goods
Last updated	1 Aug 2019

Co-Agents

Darren Beehag

Burgess Rawson Sydney

Call

0411 226 223

Billy Holderhead

Burgess Rawson Sydney

Call

0422 817 696

More about 20-26 Invermay Road Invermay TAS 7248

20-26 Invermay Road Invermay TAS 7248 is categorized as Shop & Retail Property. It has a land area of 5,164 m². The listing ID for this property is 2014998837.

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