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Knight Frank - Tasmania
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Bunnings Warehouse, 20 Howard Road Glenorchy, TAS 7010

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Bunnings Warehouse, 20 Howard Road Glenorchy, TAS 7010

Shop & Retail • Showrooms & Bulky Goods • Warehouse, Factory & Industrial
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Land area

3.83ha (9.47 acres)

Floor area

16900.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

12 Dec 2018

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

Property ID: 503011738Last Updated: 3 Feb 2019

Knight Frank - Tasmania
Bunnings Warehouse, 20 Howard Road
Glenorchy, TAS 7010
Matthew Wright

Knight Frank - Tasmania

5 Victoria Street
HOBART, TAS 7000

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Knight Frank - Tasmania

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Knight Frank - Tasmania

5 Victoria Street
HOBART, TAS 7000
Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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Matthew Wright

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Matthew Wright
Knight Frank - Tasmania
Bunnings Warehouse, 20 Howard Road Glenorchy, TAS 7010

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

Kind Regards,

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