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Nubco Hardware, 14 McIntyre Street, Mornington, Tas 7018

Nubco Hardware, 14 McIntyre Street, Mornington, Tas 7018

Retail Industrial/Warehouse Showrooms/Bulky Goods

  • Sold Contact Agent
  • Wed 31-Mar-21

Attractive ASX-Listed Tenanted Hardware Investment

  • Situated in leading industrial precinct
  • Exposure to busy South Arm Highway
  • Compounding annual 3% increases

  • Land Area
  • 3151.00 m² (approx)
  • Floor Area
  • 768 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 16, 2021

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Billy Holderhead, Burgess Rawson - Melbourne
Billy Holderhead
Beau Coulter, Burgess Rawson - Melbourne
Beau Coulter
Ray White Hobart

5/332-334 Main Road

Glenorchy Tas 7010

Attractive ASX-Listed Tenanted Hardware Investment

Secure 7 year lease to 2026 plus two (2) further five (5) year options to 2036.
Guaranteed rental growth with annual fixed 3% rent increases.
Land Size: 3,151sqm* and building area of 768sqm*.
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%.
Net lease, tenant responsible for council rates, land tax and insurances according to the lease.
Located in the leading industrial precinct of Hobarts eastern shore with Bunnings, Mitre 10, Reece Plumbing, Australia Post and Repco all within 300 metres.
Mornington: Located within the City of Clarence, 5km from Hobart CBD, with growing population of 58,707*.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent $108,594* 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 team for more details.

**Coventry Group Ltd
***Clarence City Council

Nubco Hardware, 14 McIntyre Street, Mornington, Tas 7018

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