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Nubco Hardware, 176 Channel Highway, Kingston, Tas 7050

Nubco Hardware, 176 Channel Highway, Kingston, Tas 7050

Retail Industrial/Warehouse Showrooms/Bulky Goods

  • Sold Contact Agent
  • Wed 31-Mar-21

Booming ASX-Listed Hardware Tenant

  • Located directly opposite Bunnings
  • High exposure to Channel Highway
  • Compounding annual 3% increases

  • Land Area
  • 0.41ha (1.02 acres) (approx)
  • Floor Area
  • 1,632 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 16, 2021

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

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Melbourne Vic 3000

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Ray White Hobart

5/332-334 Main Road

Glenorchy Tas 7010

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 $97 million**.
FY21 Sales up 18.2%.
Landlord friendly net lease, tenant responsible for council rates, land tax and insurances according to the lease.
Guaranteed rental growth with annual fixed 3% rent increases.
Prominent 4,138sqm* corner site with over 13,000 passing cars daily.
Well presented 1,632 (approx.) warehouse and showroom.
Surrounded by leading retailers and significant office buildings including Bunnings, United, Beaurepairs, Mitre 10, Harvey Noman and the Australian Antarctic. Division all within 600 metres* Kingston: 15kms from Hobart CBD, one of Tasmania’s fastest growth regions.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent: $216,678* pa + GST.

To be sold by Investment Portfolio Auction:
10:30am AEDT
Wednesday 31 March 2021
Southbank, Crown Casino, Melbourne

2 other Nubco- Coventry Group Ltd freehold investments also available.
Contact sales

Nubco Hardware, 176 Channel Highway, Kingston, Tas 7050

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