Attractive ASX-Listed Tenanted Hardware Investment
14 McIntyre Street, Mornington TAS
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:
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 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.