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93 Forster Street
Invermay TAS 7248
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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
Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold12 May 2021
Floor Area2,490 m²
Land Area4,131 m²
ParkingAsk Agent
Virtual TourView Tour
Property ID2016934568
Category
Last updated  13 May 2021
Map for 93 Forster Street Invermay TAS 7248

Nearest transport* to 93 Forster Street Invermay TAS 7248

Bus
Opp. No.84 West Tamar Rd623 m
95 West Tamar Rd658 m
65 West Tamar Rd716 m
Opp. No.113 West Tamar Hwy716 m
Data source: Metro Tasmania Pty Ltd (Metro)
*Within a 4km radius
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Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold12 May 2021
Floor Area2,490 m²
Land Area4,131 m²
ParkingAsk Agent
Virtual TourView Tour
Property ID2016934568
Category
Last updated  13 May 2021

Co-Agents

Billy Holderhead
Billy Holderhead
Burgess Rawson VIC Pty Ltd
Call
0422 817 696
Nicholas Bond
Nicholas Bond
Elders Real Estate Devonport
Call
0414 395 007

More about 93 Forster Street Invermay TAS 7248

93 Forster Street Invermay TAS 7248 is categorized as Shop & Retail Property. It has a floor area of 2,490 m² and a land area of 4,131 m². The listing ID for this property is 2016934568.

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