47-49 Don Road Devonport TAS 7310

Shop & Retail
1,687 m²
Sold

A High - Vis Investment! Leased to RSEA

Popular main road location
6 + 6 year lease to RSEA from 1 May 2017
Tenant pays normal outgoings + insurance

Knight Frank are pleased to offer for sale a high profile and well-positioned showroom facility located at 47-49 Don Road, Devonport. The property is fully leased to RSEA Pty Ltd. RSEA is the largest independent safety business in Australia and has in excess of 40 retail stores around Australia, including 4 in Tasmania.

The property is located on the Southern side of Don Road and holds a high profile position, Don Road forms an east-west thoroughfare accessing the core trade, commercial and light industrial area of Devonport, with unencumbered access to Bass Highway.

The Property is offered for sale subject to a lease to RSEA Safety Pty Ltd, which commenced on 1 May 2017 for a period of six (6) years, plus a further option period of six (6) years. The current rental (from 1 May 2018) is $86,700, net of GST and statutory outgoings. In addition to this rental, the tenant pays $991.66 per month ($59,500) in sixty equal monthly instalments across the first term of the lease.

47-49 Don Road, Devonport is offered for sale by Expressions of Interest closing Thursday, 28 February 2019 at 3:00 pm AEST).