80 Lindsay Street Invermay TAS 7248

Burgess Rawson are pleased to offer to market the Tool Kit Depot located at 80 Lindsay Street, Invermay (Launceston) TAS for sale via National Investment Portfolio Auction 177.

This investment has the following key highlights:

+ Brand new eight (8) year lease to 2033 plus options to 2063
+ 100% leased to Bunnings Group Limited, a subsidiary of Top 10 ASX listed Wesfarmers Ltd with a current market cap of $93 Billion (1)
+ Wesfarmers: Top 10 ASX listed business operating several of Australia's leading brands: Bunnings Warehouse, Tool Kit Depot, Kmart, Target, Officeworks, Priceline and Priceline Pharmacy
+ Tenant pays all usual outgoings including land tax on a single holding basis
+ 2024 construction, offering significant depreciation benefits with approximately 51.4% of the year 1 rent potentially tax free(2)
+ Large 1,600sqm building with latest corporate Tool Kit Depot fitout
+ Expansive 3,698sqm* freehold, situated directly in front of Bunnings with 28 valuable car spaces* on-title
+ Located within Launceston's pre-eminent large format precinct, set amongst national brands Bunnings Warehouse, Petstock, Officeworks, JB H-FI, The Good Guys, RSEA and Boral
+ Annual CPI rent reviews with important cap and collar at market rent review.
+ Tasmania: booming economy, #1 for equipment investment, fast wage growth, #1 for the fastest annual economic growth rate at 3.8% (3)
+ Launceston: northern capital of Tasmania with 230,000+ total population catchment
+ Net Income: $420,000* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 25 June 2025
Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

*Approx
1. Market Capitalisation May 2025
2. J Mathew Advisory
3. CommSec State of States Report April 2025