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Nubco Hardware, Lot 3/39a Don Road, Devonport, Tas 7310

Nubco Hardware, Lot 3/39a Don Road, Devonport, Tas 7310

Industrial/Warehouse Showrooms/Bulky Goods Retail

  • Sold Contact Agent
  • Tue 28-Sep-21

Booming ASX-Listed Tenant | Nubco State Distribution Centre

  • Secure 7 year lease on net terms
  • Booming ASX-listed tenant
  • Fixed annual 3% increases

  • Land Area
  • 1.21ha (2.99 acres) (approx)
  • Floor Area
  • 3,695 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Oct 15, 2021

Interested in this property? Contact an Agent today

Knight Frank - Devonport

48-54 Oldaker Street

Devonport Tas 7310

Clinton O'Keefe, Knight Frank - Devonport
Clinton O'Keefe
Nicholas Bond, Knight Frank - Devonport
Nicholas Bond
Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Beau Coulter, Burgess Rawson - Melbourne
Beau Coulter
Matthew Wright, Burgess Rawson - Melbourne
Matthew Wright

Booming ASX-Listed Tenant | Nubco State Distribution Centre

+ Secure 7 year Lease to 2026 plus options to 2036
+ Nubco: Subsidiary of Coventry Group: ASX: (CYG), market leading hardware, industrial supply business with a current market cap of $135 million**
+ Investor friendly net lease with tenant responsible for council rates, water rates, land tax and landlord insurance
+ Modern, adaptable & substantial 3,695*sqm industrial buildings
+ Significant 12,120*sqm site with low site coverage -30.5% providing significant future expansion upside (STCA)
+ Don Road location provides excellent access to the Bass Highway, CBD and Port of Devonport
+ Devonport: Largest North West Coast City, major service centre and tourism link to Melbourne
+ Situated in Devonport main bulky goods & industrial precinct
+ Guaranteed rental growth with fixed 3% annual increases
+ Net Rental: $290,220* pa + GST

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

*Approx.
**As at August 2021

Nubco Hardware, Lot 3/39a Don Road, Devonport, Tas 7310

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