SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Booming ASX-Listed Hardware Tenant

176 Channel Highway, Kingston TAS

Property Highlights

Located directly opposite Bunnings
High exposure to Channel Highway
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%.
Landlord friendly net lease, tenant responsible for council rates, land tax and insurances according to the lease.
Guaranteed rental growth with annual fixed 3% rent increases.
Prominent 4,138sqm* corner site with over 13,000 passing cars daily.
Well presented 1,632 (approx.) warehouse and showroom.
Surrounded by leading retailers and significant office buildings including Bunnings, United, Beaurepairs, Mitre 10, Harvey Noman and the Australian Antarctic. Division all within 600 metres* Kingston: 15kms from Hobart CBD, one of Tasmania’s fastest growth regions.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent: $216,678* 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
***Commsec

*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
4,138 SQM
Building Area
1,632 SQM

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