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Burgess Rawson - Melbourne
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Holden/Hyundai/Nissan, 1 Don Road Devonport, TAS 7310

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For Sale

Holden/Hyundai/Nissan, 1 Don Road Devonport, TAS 7310

Shop & Retail • Showrooms & Bulky Goods • Development Sites & Land
Sale Price

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Land area

1.27ha (3.13 acres)

Floor area

2746.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$442,811
Number of Tenants
1 Tenant
Tenants / Type
Holden/Hyundai/Nissan

Massive Exposure - Long Lease to ASX-Listed Company

  • Gateway CBD site of 12,660sqm
  • Massive 159m retail frontage
  • Landmark, difficult to replicate
Auction Wednesday 3 April 2019 @ 11am
River Room, Crown Casino, Melbourne

Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures

Prominent gateway position on major access route to Devonport CBD
Massive 159 metre retail frontage and additional rear frontage
Long established operation in Devonport, at this site since 2008
Landmark real estate, extremely difficult to replicate
Devonport: major agricultural and logistics hub, undergoing a significant CBD regeneration project ‘Living City’ and primary port gateway to Tasmania
Local council population of 25,000 and growing

Net income $442,811 pa + GST

Property ID: 503125530Last Updated: 17 May 2019

Burgess Rawson - Melbourne
Holden/Hyundai/Nissan, 1 Don Road
Devonport, TAS 7310
Billy Holderhead

Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000

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Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
Knight Frank - Launceston

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Knight Frank - Launceston

54 Cameron Street
LAUNCESTON, TAS 7250
Burgess Rawson - Sydney

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Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000
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Billy Holderhead

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Billy Holderhead
Burgess Rawson - Melbourne
Holden/Hyundai/Nissan, 1 Don Road Devonport, TAS 7310

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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