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Sold on 12 May 2021

93 Forster Street Invermay TAS 7248

  • Shop & Retail
  • 2,490 m²
  • Sold

Booming ASX- Listed Hardware Tenant

    Secure 7 year lease to 2026 plus two (2) further five (5) year options to 2036.
    Coventry Group Ltd (ASX: CYG), a market leading hardware, industrial supply and fluid hydraulics business with a market cap of $117.46 million**.
    FY21 Sales up 18.2%.
    Landlord friendly net lease, tenant responsible for council rates, land tax and landlord insurances according to the lease.
    Guaranteed rental growth with annual fixed 3% rent increases.
    Outstanding 4,131sqm* site with plenty of on site carparking and hardstand.
    First class 1,534sqm (approx.) showroom and high span warehouse.
    One of the best selling locations of leading national brands.
    Surrounded by leading retailers and industrial tenants including Bunnings, JB Hi Fi, Officeworks, McDonald's and Boral.
    Invermay: Well established suburb of Launceston located 2.2kms from the CBD.
    Commsec ranks Tasmania as Australia best performing economy in key indicators***.
    Net Rent: $203,454* pa + GST.

    To be sold by Investment Portfolio Auction:
    10:30am AEDT
    Wednesday 12 May 2021
    Southbank, Crown Casino, Melbourne

    2 other Nubco- Coventry Group Ltd freehold investments also available.
    Contact sales team for more details.

    **Coventry Group Ltd
    ***Commsec

    *All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

    AUCTION

    Auction date and time12/05/2021 10:30
    Auction location93 Forster Street, Invermay TAS
    Nicholas Bond
    Knight Frank Tasmania - Devonport
    Nicholas Bond
    Knight Frank Tasmania - Devonport
    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates

    Property Highlights

    Property ID2016934568
    Date Sold12 May 2021
    Floor Area2,490 m²
    Land Area4,131 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Category
    Last updated  13 May 2021
    Map for 93 Forster Street Invermay TAS 7248
    Map for 93 Forster Street Invermay TAS 724893 Forster Street Invermay TAS 7248
    Nicholas Bond
    Knight Frank Tasmania - Devonport
    Nicholas Bond
    Knight Frank Tasmania - Devonport
    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates

    Property Highlights

    Property ID2016934568
    Date Sold12 May 2021
    Floor Area2,490 m²
    Land Area4,131 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Category
    Last updated  13 May 2021
    Knight Frank Tasmania - Devonport
    48-54 Oldaker Street Devonport TAS 7310
    Nicholas Bond
    Knight Frank Tasmania - Devonport
    Nicholas Bond
    Knight Frank Tasmania - Devonport
    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates
    Beau Coulter
    Burgess Rawson & Associates
    Nicholas Bond

    Nicholas Bond

    Knight Frank Tasmania - Devonport

    Billy Holderhead

    Billy Holderhead

    Burgess Rawson & Associates

    Beau Coulter

    Beau Coulter

    Burgess Rawson & Associates

    0414 *** ***
    0414 395 007

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