SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

ASX-Listed Hardware Investment

17 Main Road, Wivenhoe TAS

Property Highlights

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

Description

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 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
1,716 SQM
Building Area
832 SQM

Contact Me