Nubco Hardware, 176 Channel Highway,
Kingston, TAS 7050
Shops & Retail • Warehouse, Factory & Industrial • Showrooms & Large Format Retail
Key property information
Land area
Floor area
Property extent
Tenure type
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Ray White Hobart - GLENORCHY
119 Harrington StHOBART, TAS 7000
Nubco Hardware, 176 Channel Highway
Kingston, TAS 7050
Map of Nubco Hardware, 176 Channel Highway
Booming ASX-Listed Hardware Tenant
- Located directly opposite Bunnings
- High exposure to Channel Highway
- Compounding annual 3% increases
Secure 7 year lease to 2026 plus two (2) further five (5) year options to 2036.
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%.
Landlord friendly net lease, tenant responsible for council rates, land tax and insurances according to the lease.
Guaranteed rental growth with annual fixed 3% rent increases.
Prominent 4,138sqm* corner site with over 13,000 passing cars daily.
Well presented 1,632 (approx.) warehouse and showroom.
Surrounded by leading retailers and significant office buildings including Bunnings, United, Beaurepairs, Mitre 10, Harvey Noman and the Australian Antarctic. Division all within 600 metres* Kingston: 15kms from Hobart CBD, one of Tasmania’s fastest growth regions.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent: $216,678* 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
***Commsec
*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.
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%.
Landlord friendly net lease, tenant responsible for council rates, land tax and insurances according to the lease.
Guaranteed rental growth with annual fixed 3% rent increases.
Prominent 4,138sqm* corner site with over 13,000 passing cars daily.
Well presented 1,632 (approx.) warehouse and showroom.
Surrounded by leading retailers and significant office buildings including Bunnings, United, Beaurepairs, Mitre 10, Harvey Noman and the Australian Antarctic. Division all within 600 metres* Kingston: 15kms from Hobart CBD, one of Tasmania’s fastest growth regions.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent: $216,678* 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
***Commsec
*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.
Kingston, 7050 demographic data
The median household income for Kingston is $1,517, 2% lower than Greater Hobart's household income of $1,542. Kingston has a younger age profile compared to the rest of Greater Hobart (median age 36 vs 39). Property ownership data shows 50% of property owners in Kingston have a mortgage.
12,288
Population
$1,517 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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