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Nubco Hardware, 93 Forster Street, Invermay, Tas 7248

Nubco Hardware, 93 Forster Street, Invermay, Tas 7248

Retail Industrial/Warehouse Showrooms/Bulky Goods

Booming ASX- Listed Hardware Tenant

  • Located in leading Launceston location
  • Surrounded by leading businesses
  • Compounding annual 3% increases

  • Land Area
  • 0.41ha (1.02 acres) (approx)
  • Floor Area
  • 2,490 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 06, 2021

Interested in this property? Contact an Agent today

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Booming ASX- Listed Hardware Tenant

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.
Outstanding 4,131sqm* site with plenty of on site carparking and hardstand.
First class 1,534sqm (approx.) showroom and high span warehouse.
One of the best selling locations of leading national brands.
Surrounded by leading retailers and industrial tenants including Bunnings, JB Hi Fi, Officeworks, McDonald’s and Boral.
Invermay: Well established suburb of Launceston located 2.2kms from the CBD.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent: $203,454* 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

Nubco Hardware, 93 Forster Street, Invermay, Tas 7248

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