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Nubco Hardware, 13a Lampton Avenue, Derwent Park, Tas 7009

Nubco Hardware, 13a Lampton Avenue, Derwent Park, Tas 7009

Industrial/Warehouse Retail Showrooms/Bulky Goods

Attractive ASX-Listed Tenanted Hardware Investment

  • Situated in premier industrial area
  • A+ exposure to busy Lampton Ave
  • Compounding annual 3% increases

  • Land Area
  • 2368.00 m² (approx)
  • Floor Area
  • 1,534 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 06, 2021

Interested in this property? Contact an Agent today

Ray White Hobart

5/332-334 Main Road

Glenorchy Tas 7010

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Billy Holderhead, Burgess Rawson - Melbourne
Billy Holderhead
Beau Coulter, Burgess Rawson - Melbourne
Beau Coulter

Attractive ASX-Listed Tenanted Hardware Investment

Secure 7 year lease to 2026 plus two (2) further five (5) year options to 2036.
Guaranteed rental growth with annual fixed 3% rent increases.
Land Size: 2,368sqm* and building area of 1,534sqm*.
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%.
Net lease, tenant responsible for council rates, land tax and landlord insurances according to the lease.
Located in the leading industrial precinct of Hobart's northern suburbs with Bunnings, Coates Hire, United Tools, Total Tools, Searoad Logistics, ABS and Isuzu trucks all located within 500 metres.
Mornington: Located within the City of Glenorchy with a population of 71,558 within a 6km radius.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent $180,862* 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

Nubco Hardware, 13a Lampton Avenue, Derwent Park, Tas 7009

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