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Sold on 12 Dec 2018

20 Howard Road Glenorchy TAS 7010

  • Shop & Retail
  • 16,900 m²
  • Sold

Blue-Chip Bunnings Warehouse Freehold Investment

    Large format Bunnings Warehouse, built 2015.
    Irreplaceable 38,310 sqm Highway corner site.
    Annual fixed 3% rent increases through to 2040.
    Extremely rare 25 year triple net lease to 2040 plus 25 year option.
    Bunnings Warehouse: Arguably Australia’s most dominant retailer with extraordinary 15.5% average annual sales growth since 1995.
    Strategic 38,310 sqm freehold site with over 380 at-grade car spaces.
    120 metres of exposure and easy access to the Brooker Highway.
    As new 16,900 sqm facility constructed in 2015 at Bunnings’ cost, future proof with provision for 2,000 sqm on-site expansion.
    Emerging large format retail precinct 6.5km from Hobart CBD, with a major Spotlight and Anaconda development proposed next door.
    Hobart TAS: Australia’s #1 residential property market with 29.4% increase in construction (state) and 9.3% price growth (Hobart) since 2017.
    Net rent: $439,555 pa

    Auction 11am AEDT Wednesday 12 December 2018
    River Room, Crown Casino, Melbourne

    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates

    Property Highlights

    Property ID2014756758
    Date Sold12 Dec 2018
    Floor Area16,900 m²
    Land Area3.83 ha
    ParkingAsk Agent
    Category
    Last updated  13 Dec 2018
    Map for 20 Howard Road Glenorchy TAS 7010
    Map for 20 Howard Road Glenorchy TAS 701020 Howard Road Glenorchy TAS 7010
    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates

    Property Highlights

    Property ID2014756758
    Date Sold12 Dec 2018
    Floor Area16,900 m²
    Land Area3.83 ha
    ParkingAsk Agent
    Category
    Last updated  13 Dec 2018
    Burgess Rawson & Associates
    Level 7, 140 Bourke Street Melbourne VIC 3000
    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead

    Billy Holderhead

    Burgess Rawson & Associates

    0422 *** ***
    0422 817 696

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