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Fully Leased - Dominant location close to Bass Highway

131 Don Road, DEVONPORT TAS, 7310

Sold

Property Sold in 131 Don Road, DEVONPORT TAS, 7310

Knight Frank Tasmania (Devonport)

48-54 Oldaker Street, Devonport, TAS 7310

Listing ID:
11350119
Status:
Under-offer
Price:
$715,000 + GST (If Applicable)
Last Updated:
26/09/2019
Icon building

Property Type

Industrial/Warehouse
Icon square

Land Area

N/A
Icon size

Floor Area

748 SQM
Icon parking

Parking

N/A

Fully Leased - Dominant location close to Bass Highway

131 Don Road, Devonport presents a solid opportunity to purchase a well-located industrial asset that is 100% leased to a well-known and established Sheetmetal fabrication business.

The property is currently wholly leased to Salt Metals Pty Ltd ATF The Holmes Family Trust, trading as ‘SEBA Sheetmetal’. The business has traded from this site since circa 1989. The business was sold in 2018 and a new 5+5+5-year lease entered into from 12 April 2018 with the new business owners.

With convenient access to the Bass Highway via the nearby roundabout, this property offers the opportunity to acquire a fully leased building generating an estimated net income (before owners outgoings) of approximately $57,176 per annum in a location close to major roadways and other substantial light industrial facilities.

This investment opportunity will not disappoint the prudent industrial investor, who will no doubt see that this Don Road industrial precinct is well occupied with limited access to land for future new development so close to major transport infrastructure.

For additional details or to inspect, please contact Nicholas Bond of Knight Frank.

For more details, please email agent

Knight Frank Tasmania (Devonport)

48-54 Oldaker Street, Devonport, TAS 7310


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