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Nubco Hardware, 31 Wenvoe Street, Devonport, Tas 7310

Nubco Hardware, 31 Wenvoe Street, Devonport, Tas 7310

Retail Industrial/Warehouse Offices

  • Sold Contact Agent
  • Wed 12-May-21

ASX-Listed Tenant - Office & Retail Outlet

  • Prime Devonport CBD Location
  • Statewide head office plus retail
  • Compounding annual 3% increases

  • Land Area
  • 2555.00 m² (approx)
  • Floor Area
  • 1,998 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 13, 2021

Interested in this property? Contact an Agent today

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Clinton O'Keefe

ASX-Listed Tenant - Office & Retail Outlet

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.
Prime 2,555 site in the Devonport CBD.
First class 1,998sqm (approx.) building comprising statewide head offices and retail outlet.
Dual frontage to Wenvoe Street and Formby Road which is a main arterial road into Devonport CBD.
Surrounded by leading retailers and outlets, Beaurepairs, Shell and Caltex.
Devonport: Largest North West Coast city, major service centre and tourism link to Melbourne and major Tas tourism attractions.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent: $163,315* 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

Nubco Hardware, 31 Wenvoe Street, Devonport, Tas 7310

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