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GP Glass, 26 Loone Lane, Spreyton, Tas 7310

GP Glass, 26 Loone Lane, Spreyton, Tas 7310

Industrial/Warehouse Showrooms/Bulky Goods Offices

Brand New 10 Year Lease - Prized Freehold Industrial Investment

  • New 10 Year Lease to April 2031
  • GP Glass: Market Leading Tenant
  • Net Lease / Fixed Rent Increases

  • Land Area
  • 0.49ha (1.20 acres) (approx)
  • Floor Area
  • 1,935 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 06, 2021

Interested in this property? Contact an Agent today

Knight Frank - Devonport

48-54 Oldaker Street

Devonport Tas 7310

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

Level 7, 140 Bourke Street

Melbourne Vic 3000

Shaun Venables, Burgess Rawson - Melbourne
Shaun Venables

Brand New 10 Year Lease - Prized Freehold Industrial Investment

+ Brand new 10 year lease to April 2031 plus options to 2041
+ Fixed 3% annual rent increases
+ Tenant pays outgoings
+ GP Glass: Tasmania’s leading manufacturer of aluminium windows, doors, showers screens
+ Security of bond and personal guarantees to the performance of the Lease
+ Well maintained and recently extended 1,935sqm facility
+ Large 4,859sqm site with abundant car parking and hardstand
+ Devonport: important Port City centrally positioned to service Tasmania state wide
+ Net Income: $135,450 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne

GP Glass, 26 Loone Lane, Spreyton, Tas 7310

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