Nubco Hardware, 14 McIntyre Street,
Mornington, TAS 7018
Shops & Retail • Warehouse, Factory & Industrial • Showrooms & Large Format Retail
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Land area
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Ray White Hobart - GLENORCHY
119 Harrington StHOBART, TAS 7000
Nubco Hardware, 14 McIntyre Street
Mornington, TAS 7018
Map of Nubco Hardware, 14 McIntyre Street
Attractive ASX-Listed Tenanted Hardware Investment
- Situated in leading industrial precinct
- Exposure to busy South Arm Highway
- Compounding annual 3% increases
Secure 7 year lease to 2026 plus two (2) further five (5) year options to 2036.
Guaranteed rental growth with annual fixed 3% rent increases.
Land Size: 3,151sqm* and building area of 768sqm*.
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%.
Net lease, tenant responsible for council rates, land tax and insurances according to the lease.
Located in the leading industrial precinct of Hobarts eastern shore with Bunnings, Mitre 10, Reece Plumbing, Australia Post and Repco all within 300 metres.
Mornington: Located within the City of Clarence, 5km from Hobart CBD, with growing population of 58,707*.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent $108,594* 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
***Clarence City Council
*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.
Guaranteed rental growth with annual fixed 3% rent increases.
Land Size: 3,151sqm* and building area of 768sqm*.
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%.
Net lease, tenant responsible for council rates, land tax and insurances according to the lease.
Located in the leading industrial precinct of Hobarts eastern shore with Bunnings, Mitre 10, Reece Plumbing, Australia Post and Repco all within 300 metres.
Mornington: Located within the City of Clarence, 5km from Hobart CBD, with growing population of 58,707*.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent $108,594* 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
***Clarence City Council
*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.
Mornington, 7018 demographic data
The median household income for Mornington is $1,423, 8% lower than Greater Hobart's household income of $1,542. Mornington has a younger age profile compared to the rest of Greater Hobart (median age 36 vs 39). Property ownership data shows 58% of property owners in Mornington have a mortgage.
2,469
Population
$1,423 per week
Median household income
36 years
Median age
Owners
Most residents
Families
Most households
Ray White Hobart - GLENORCHY119 Harrington St
HOBART, TAS 7000
HOBART, TAS 7000
Contact Agency
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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