46-52 Alexandra Road Ulverstone TAS 7315

Brand new 7+7+7+7 year Lease to blue chip tenant, HTH Pty Ltd trading as Becks Timber & Hardware, 67% owned by Woolworths and 33% by Lowes (USA).
Important CBD location within Tasmania’s largest town, opposite IGA supermarket and major healthcare facility.
Significant 4,272m2* site with extensive street frontage and 32 car spaces on title.
Two retail showrooms and warehouse building totalling 2,244m2* recently rebadged to Becks branding and scheduled for internal refit at tenants expense.
Long established and proven hardware business.
Becks, a division of Home Timber & Hardware: Long established and growing network of over 240 stores across Australia.
Rents reviewed annually to CPI capped at 3.5%, with market reviews capped and collared at 10% at commencement of option periods.
Attractive net Lease structure with tenant responsible for Rates, Taxes, Building Insurance, Repairs and Maintenance.
Commencing Net Rent: $175,000 p.a.
Ulverstone: Important township undergoing significant government funded redevelopment. Urban Centre population nearing 12,110 (2011 census).