High Yielding Investment with Future Upside 5 + 5 year lease to September 2022. Mower Power: Husqvarna and Honda outdoor power equipment sales and service. Tenant pays all usual outgoings. Well maintained 705 sqm showroom and warehouse with customer parking and 1,100 sqm bitumen hardstand. Large 2,976 sqm landholding with surplus land providing future development and/or subdivision potential STCA. Ideal position within a strategic showroom and trade supplies destination metres from Bass Highway and a major thoroughfare to Devonport CBD. Devonport: Important Port City servicing a catchment population in excess of 32,000. Rent: $86,520 p...
2 High Profile Showroom Investments on 1 Title Petbarn: Subsidiary of ASX listed Greencross Ltd, Australasia's largest petcare provider with 200 stores & 130 vet clinics. Renewed 5 year lease to July 2020 plus options. Newmans Furnishings: Long established business since 1964. 5 year lease to June 2019, no option. Tenants pay all usual outgoings. 2 prominent well maintained retail showrooms totaling 783 sqm with 27 on title car spaces plus on street parking. 2,295 sqm landholding with extensive 118m dual street frontage. Strategic gateway position to Devonport CBD from Bass Hwy. Devonport: Important Port City set for government funded rev...
Prime Corner Retail Investment Secure 6 + 6 year lease to October 2025. Reject Shop Limited: $300 million ASX Listed retailer with over 300 stores nationally and recent 17.7% lift in revenue (HY 2014). Fixed annual rent increases plus generous turnover rent provisions. Prominent 838 sqm retail building extensively refurbished in 2013. Dual street frontage of 53 metres provides future subdivision potential STCA. Strategic position on one of Devonport's busiest retail corners amongst IGA, Terry White Chemist, CBA ATM's plus more. Rent: $171,408 pa (August 2014).
Auction 11am Wednesday 14 May Temporary Relocation: Crown Con...
Blue Chip National Retailer – Secure 5 5 5 5 year lease
– Modern store substantially rebuilt in 1993
– Strategic CBD Mall location
– Large 1,075m2 site
– Quality building of 1,145m2 – NLA
– Adjoins large Council carpark
– Wide 15.2 metre shop frontage to Rooke Street Mall
– Devonport serving a regional population of 85,000
– Net Rent $141,746pa plus percentage rent
National Brand - CBD Location - 5 year lease plus options
- Store refurbished in 2004
- Building area 470m2
- Site area 503m2
- Dual access
- Tenant pays all outgoings
- Annual 4% increases & Market reviews
- Market review due March 2007
- Rental $43,680pa
Security of Major International Retail Giant Renewed 6 year lease to 2020 plus option to 2026. Best & Less: a division of Pepkor Ltd a wholly owned subsidiary of Steinhoff International a major global business with 90,000 employees, 6,500 retail outlets, 40+ retail brands including Freedom & Harris Scarfe. Steinhoff International: A highly diversified global company with a market cap of AU $29 Billion listed on the Frankfurt Stock Exchange. Extensive 15 metre retail frontage and exposure. Modern well maintained 1,360 sqm building over two levels. Prime 1,075 sqm CBD site adjoining large council car park. Important and tightly held retai...
Brand New 10 Year Lease New 10 + 7 + 7 year lease to July 2039. Well maintained 588 sqm building with important dual retail access. Prime 396 sqm site adjoining 80 space council car park. Tenant pays all usual outgoings including land tax. Terry White Chemists: Well known and recognised brand with 165 pharmacies across Australia. Strategic position within one of Devonport's busiest retail strips amongst IGA Supermarket, The Reject Shop & Domino's Pizza. Devonport: Important Port City set for significant government funded revitalisation commencing 2016.. Rent: $132,821 pa.
Fully Leased Devonport CBD Landmark Fully leased investment with tenants including C-Max Cinemas, Cafe Indulgence and Commonwealth Government. Excellent tenancy history with longstanding tenants having recently recommitted to extended lease terms. Modern 4 theatre 801 seat cinema complex plus three versatile retails shops. Prominent high traffic CBD location amongst national retailers including McDonald's. Devonport: Important Port City set for significant government funded revitalisation of waterfront commencing 2016. Net rent: $418,962 pa.
Impressive Showroom/Warehouse Investment Secure 10 + 5 + 5 year lease to August 2033. Joinery Products: Established and successful tenant in occupation for over 60 years. Annual CPI rent reviews. Tenant pays all usual outgoings. Significant 4,700 sqm landholding with dual street frontage. Impressive well maintained 2,968 sqm showroom warehouse facility with recent $500K capital upgrades 2014/2015. Strategic location providing easy access throughout Greater Devonport and the CBD. Single tenant minimum management investment. Excellent tax saving depreciation benefits. Rent: $209,196 pa (August 2015).
Entry Level Childcare Investment - In The Heart of Devonport Brand new 10 + 5 + 5 year lease to 2034. Federation era education facility of 370 sqm plus 120 sqm purpose built facility to the rear. Tenant pays all usual outgoings. Licensed for 75 LDC places. High profile 1,850 sqm site with 15 on site car spaces. Established and successful childcare business. Strategically located between Our Lady of Lourdes Catholic and Devonport primary school's. City of Devonport: southern terminus for 'Spirit of Tasmania' ferries, home of local council with a trade catchment of 28,000. Rent: $90,000pa.
Auction 11am Wednesday 14 May Temporary Relocation: Crown Confer...
Modern Fully Leased Investment 23 Forbes Street Devonport provides a significant opportunity for investors to acquire a low maintenance, modern building providing high quality accommodation and excellent exposure to Forbes Street.
The building is fully serviced and contains modern high quality finishes. Investment properties of this quality with significant lease tenure are rare to the market and tightly held.
Knight Frank recommends close consideration by investors seeking the following investment qualities:
• A new 6 year lease with further 4 year option to existing long standing tenant
• Annual CPI increases, ...
High Yielding Value-Add Investment Opportunity Includes 9 shops, 2 ATMs, etc plus advertising billboards. Complementary tenancy mix includes Cafe, Restaurant, Hairdresser, Florist, Furniture & Discount retailer. Substantial commercial landholding of 2,400 sqm on two titles. Excellent shopfront customer parking. Extensive retail frontage and exposure. Attractive and well maintained 1,112 sqm buildings with recent capital expenditure. Further development and/or subdivision potential STCA. Irreplaceable gateway position immediately adjacent to the Spirit of Tasmania Ferry Terminal. Devonport East: Immediate population circa 8,000. Current Re...