Brand New 10 Year Lease – Prized Freehold Industrial Investment

26 Loone Lane, Spreyton TAS

Property Highlights

New 10 Year Lease to April 2031
GP Glass: Market Leading Tenant
Net Lease / Fixed Rent Increases
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+ Brand new 10 year lease to April 2031 plus options to 2041
+ Fixed 3% annual rent increases
+ Tenant pays outgoings
+ GP Glass: Tasmania’s leading manufacturer of aluminium windows, doors, showers screens
+ Security of bond and personal guarantees to the performance of the Lease
+ Well maintained and recently extended 1,935sqm facility
+ Large 4,859sqm site with abundant car parking and hardstand
+ Devonport: important Port City centrally positioned to service Tasmania state wide
+ Net Income: $135,450 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne

Property Details

Current Tenant
Occupancy Type
Land Size
4,859 SQM
Building Area
1,935 SQM

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