Bunnings Warehouse, 20 Howard Road,
Glenorchy, TAS 7010

Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial

Key property information

Land area

Floor area

Property extent

Tenure type

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CBRE - VIC

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

Bunnings Warehouse, 20 Howard Road

Glenorchy, TAS 7010

Map of Bunnings Warehouse, 20 Howard Road

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Blue-Chip Bunnings Warehouse Freehold Investment

Unique 25 Year Triple Net Lease
Annual Fixed 3% Rent Increases
Net Rent $439,555pa

Large format Bunnings Warehouse, built 2015.
Irreplaceable 38,310 sqm Highway corner site.
Annual fixed 3% rent increases through to 2040.
Extremely rare 25 year triple net lease to 2040 plus 25 year option.
Bunnings Warehouse: Arguably Australia’s most dominant retailer with extraordinary 15.5% average annual sales growth since 1995.
Strategic 38,310 sqm freehold site with over 380 at-grade car spaces.
120 metres of exposure and easy access to the Brooker Highway.
As new 16,900 sqm facility constructed in 2015 at Bunnings’ cost, future proof with provision for 2,000 sqm on-site expansion.
Emerging large format retail precinct 6.5km from Hobart CBD, with a major Spotlight and Anaconda development proposed next door.
Hobart TAS: Australia’s #1 residential property market with 29.4% increase in construction (state) and 9.3% price growth (Hobart) since 2017.
Net rent: $439,555 pa

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

Glenorchy, 7010 demographic data

The median household income for Glenorchy is $1,143, 26% lower than Greater Hobart's household income of $1,542. Glenorchy has a younger age profile compared to the rest of Greater Hobart (median age 35 vs 39). Property ownership data shows 49% of property owners in Glenorchy have a mortgage.

12,013

Population

$1,143 per week

Median household income

35 years

Median age

Owners

Most residents

Families

Most households

CBRE - VIC

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000