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Auto Retail Investment - Leased to ASX Listed Subsidiary

53 Don Road, DEVONPORT TAS, 7310

Sold

Property Sold in 53 Don Road, DEVONPORT TAS, 7310

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11369050
Status:
Sold
Price:
Price on request
Last Updated:
23/01/2020
Icon building

Property Type

Retail/Showrooms/Bulky Goods/Industrial/Warehouse
Icon square

Land Area

961 SQM
Icon size

Floor Area

514 SQM
Icon parking

Parking

N/A

Auto Retail Investment - Leased to ASX Listed Subsidiary

+ 4 year lease to July 2022 plus option to 2026.

+ Tenant pays usual outgoings.

+ Well presented 514 sqm building on 961 sqm freehold title.

+ Burson Auto Parts: 180 stores and wholly owned subsidiary of ASX-Listed Bapcor with a Market Cap of $2B.

+ Annual rent reviews.

+ High exposure destination location amongst complementary auto tenants and car dealerships.

+ Net Income: $44,420 pa + GST


Auction 11am AEDT Wednesday 11 December

Crown Casino, Melbourne, VIC

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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