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Nubco Hardware, 17 Main Road, Wivenhoe, Tas 7320

Nubco Hardware, 17 Main Road, Wivenhoe, Tas 7320

Retail Industrial/Warehouse Showrooms/Bulky Goods

  • Sold Contact Agent
  • Wed 31-Mar-21

ASX-Listed Hardware Investment

  • Superb Entry Level Investment
  • Net lease to ASX listed tenant
  • Compounding annual 3% increases

  • Land Area
  • 1716.00 m² (approx)
  • Floor Area
  • 832 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 16, 2021

Interested in this property? Contact an Agent today

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ASX-Listed Hardware Investment

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%.
Generous 1,716sqm* land size plus 832sqm* of showroom, warehouse and offices.
Prominent Main Road position Bunnings, Mitre 10, Reece Plumbing and Impact fertilisers all within 1km*.
Guaranteed rental growth with annual fixed 3% rent increases.
Net lease, tenant responsible for council rates, land tax and insurances according to the lease.
Burnie: Second largest City on North West TAS, major service centre for 100,000+ people.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent $71,823* 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
*All areas and figures approx only. All boundaries

Nubco Hardware, 17 Main Road, Wivenhoe, Tas 7320

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