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Home Timber & Hardware, 10 & 12-16 Sorrell Street George Town, TAS 7253

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Home Timber & Hardware, 10 & 12-16 Sorrell Street George Town, TAS 7253

Shop & Retail • Showrooms & Bulky Goods • Warehouse, Factory & Industrial
Sold Price

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Land area

1777.0m²

Floor area

1070.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

15 May 2013

Brand New Lease to Woolworths Subsidiary

  • Entry level investment
  • Brand new lease to Woolworths Subsidiary
  • Long established business
Brand new 7+7+7+7 year Lease to blue chip tenant, Home Timber and Hardware (HTH Pty Ltd), 67% owned by Woolworths and 33% by Lowes (USA).
Visually significant building within important deep water port town.
1,777m2* site located in main retail precinct provides scope for further development.
Two level buildings totalling 1,070m2* includes main retail showroom, first floor and ground level storage and 4 bedroom residence ($155p/w to 25/1/14).
Long established and proven hardware business over 25 years.
Affordable investment opportunity, expected price range $500,000 plus
Home Timber & Hardware: Long established and growing network of over 240 stores across Australia.
Rents reviewed annually to CPI capped at 3.5%, with market reviews capped and collared at 10% at commencement of option periods.
Attractive net Lease structure with tenant responsible for Rates, Taxes, Building Insurance, Repairs and Maintenance.
Commencing Net Rent: $47,060 p.a.

Property ID: 500703887Last Updated: 19 May 2016

Home Timber & Hardware, 10 & 12-16 Sorrell Street
George Town, TAS 7253

Agency contacts

Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
Shepherd & Heap Pty Ltd - LAUNCESTON

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Shepherd & Heap Pty Ltd - LAUNCESTON

49 Cameron Street
LAUNCESTON, TAS 7250
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Billy Holderhead
Burgess Rawson - Melbourne
Home Timber & Hardware, 10 & 12-16 Sorrell Street George Town, TAS 7253

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

Kind Regards,

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