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Burgess Rawson - Melbourne
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AP Eagers Limited, 20-26 Invermay Road Invermay, TAS 7248

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AP Eagers Limited, 20-26 Invermay RoadInvermay, TAS 7248

Shop & Retail • Showrooms & Bulky Goods • Development Sites & Land
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Land area

0.52ha (1.28 acres)

Floor area

649.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

04 Jul 2019

ASX-Listed Tenant on Long Lease

  • Large 5,164 sqm site
  • Close to Launceston CBD, wide frontage
  • Sought after retail, auto, showroom
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

Strategic main road position close to Launceston CBD, Utas Stadium and planned relocation of University of Tasmania northern campus
Invermay Road, one of the preferred precincts for large format retail, automotive and commercial showroom operations
Expansive landholdings in this vicinity are rarely offered to the market place
Valuable 80 metre retail frontage to Invermay Road, being highly visible to large traffic volumes
Hosting a leading used-motor vehicle dealership, this prominent site has facilitated excellent year on year sales growth

Net income $235,398 pa + GST

Property ID: 503125854Last Updated: 6 Sep 2019

Burgess Rawson - Melbourne
AP Eagers Limited, 20-26 Invermay Road
Invermay, TAS 7248
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
AP Eagers Limited, 20-26 Invermay Road Invermay, TAS 7248

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

Kind Regards,

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