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Burgess Rawson - Melbourne
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Holden/Nissan/Hyundai, 170 Elizabeth Street Launceston, TAS 7250

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For Sale

Holden/Nissan/Hyundai, 170 Elizabeth Street Launceston, TAS 7250

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

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Land area

0.74ha (1.84 acres)

Floor area

3469.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$883,423
Number of Tenants
1 Tenant
Tenants / Type
Holden/Nissan/Hyundai

Launceston CBD - Long Lease to ASX-Listed Tenant

  • Landmark 7,428sqm site, 750m from GPO
  • Almost entire block
  • Close to Woolworths & Dan Murphy’s
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

Landmark position only 750 metres from Launceston GPO
Impossible to replicate in terms of scale and strategic position
Close to major Woolworths and Dan Murphy's
Extremely rare, almost entire city block, affording
4 major CBD frontages totalling 290 metres
Extensively redeveloped to exceptional standard and presentation
Launceston: Tasmania's 2nd largest city with 80,000+ people

Net income $883,423 pa + GST

Property ID: 503125806Last Updated: 17 May 2019

Burgess Rawson - Melbourne
Holden/Nissan/Hyundai, 170 Elizabeth Street
Launceston, TAS 7250
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/Nissan/Hyundai, 170 Elizabeth Street Launceston, TAS 7250

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

Kind Regards,

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