Mitre 10, 42 Franklin Street,
Swansea, TAS 7190
Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
Price information
Sale - Auction Tue 14 May
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Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$47,000
Number of Tenants
1 Tenant
Tenants / Type
Mitre 10
Auction
Private inspections
to arrange a private inspection.
Elders Real Estate - Hobart
5 Victoria StreetHOBART, TAS 7000
Mitre 10, 42 Franklin Street
Swansea, TAS 7190
Map of Mitre 10, 42 Franklin Street
Bus stops within 5 km of Mitre 10, 42 Franklin Street, Swansea, TAS 7190 Distance Opposite Swansea Corner Store 466 m Swansea Backpackers 98 Tasman Hwy 515 m 1 Victoria St 860 m Piermont Resort 12990 Tasman Hwy 3.7 km Piermont Resort 3.7 km POWERED BY HERE ©
POWERED BY HERE ©
Renewed 7 Year Lease to ASX-Listed Metcash | Rare Entry Level Mitre 10 Investment
- 7 year lease to 2031 + options to 2041
- Fixed 3% annual rent increases
- Tenant pays all usual outgoings
Burgess Rawson is pleased to offer to the market Mitre 10, 42 Franklin Street (Tasman Highway), Swansea TAS for sale via our Investment Portfolio Auction 168.
This investment has the following key highlights:
+ Renewed Seven (7) year lease to 2031 plus options to 2041.
+ Metcash (ASX:MTS): leading wholesale distribution company with a market cap of $4.24 billion. (1)
+ Mitre 10: Australia's largest independent hardware retailer with 300 stores across AUS. (2)
+ Clennett's Mitre 10: trusted brand with 6 strategic locations across Tasmania. (3)
+ Investor preferred net lease terms with tenant paying all usual outgoings including land tax.
+ Fixed 3% annual rent increases ensuring growth.
+ Important Mitre 10 store with large trade catchment incorporating retail, trade, colour and garden centres.
+ Strategic 1,208sqm* freehold highway site with dual street frontage and exposure.
+ Swansea: heart of Tasmania's booming east coast, and gateway to famous Freycinet tourism mecca.
+ Positioned along famous east coast drive, with tourism up 16%, contributing $120+ million annually to the local economy. (4)
+ Net Income: $47,000 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Tuesday 14 May 2024
River Room, Crown Casino, Melbourne
* Approx
1. Metcash
2. Mitre 10
3. Clennetts Mitre 10
4. East Coast Tasmania
This investment has the following key highlights:
+ Renewed Seven (7) year lease to 2031 plus options to 2041.
+ Metcash (ASX:MTS): leading wholesale distribution company with a market cap of $4.24 billion. (1)
+ Mitre 10: Australia's largest independent hardware retailer with 300 stores across AUS. (2)
+ Clennett's Mitre 10: trusted brand with 6 strategic locations across Tasmania. (3)
+ Investor preferred net lease terms with tenant paying all usual outgoings including land tax.
+ Fixed 3% annual rent increases ensuring growth.
+ Important Mitre 10 store with large trade catchment incorporating retail, trade, colour and garden centres.
+ Strategic 1,208sqm* freehold highway site with dual street frontage and exposure.
+ Swansea: heart of Tasmania's booming east coast, and gateway to famous Freycinet tourism mecca.
+ Positioned along famous east coast drive, with tourism up 16%, contributing $120+ million annually to the local economy. (4)
+ Net Income: $47,000 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Tuesday 14 May 2024
River Room, Crown Casino, Melbourne
* Approx
1. Metcash
2. Mitre 10
3. Clennetts Mitre 10
4. East Coast Tasmania
Property ID: 504570516Last Updated: 1 May 2024
Elders Real Estate - Hobart5 Victoria Street
HOBART, TAS 7000
HOBART, TAS 7000
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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