Attractive ASX-Listed Tenanted Hardware Investment

13a Lampton Avenue, Derwent Park TAS

Property Highlights

Situated in premier industrial area
A+ exposure to busy Lampton Ave
Compounding annual 3% increases
Register to Bid

Description

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: 2,368sqm* and building area of 1,534sqm*.
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%.
Net lease, tenant responsible for council rates, land tax and landlord insurances according to the lease.
Located in the leading industrial precinct of Hobart’s northern suburbs with Bunnings, Coates Hire, United Tools, Total Tools, Searoad Logistics, ABS and Isuzu trucks all located within 500 metres.
Mornington: Located within the City of Glenorchy with a population of 71,558 within a 6km radius.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent $180,862* 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 available.
Contact sales team for more details.

**Coventry Group Ltd
***Commsec State of the state report
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
2,368 SQM
Building Area
1,534 SQM

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