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Knight Frank - Launceston

11 Reibey Street Ulverstone, TAS 7315


11 Reibey Street,
Ulverstone, TAS 7315

Shops & Retail

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Map of 11 Reibey Street


Leased Investment - ASX Listed Tenant, the "Reject Shop". Over 8.0% yield

11 Reibey Street, Ulverstone presents as a rare opportunity for astute investors to acquire a "main street" retail building at the heart of the town's commercial precinct, fully leased to a dominant ASX listed tenant.

Reject Shop, founded in 1981, has over 350 stores nationally and generated total sales FY16 of $799.9 million.

Reject Shop, Ulverstone provides a significant opportunity to acquire a fully leased asset within a tightly held retail strip at the centre of a vibrant coastal centre, evidenced by the following.

- Lease, until August 2022
- ASX listed lease covenant
- Current net passing rent $138,700*
- Annual fixed 3% increases
- Prime, main street position
- Vibrant, Central Coast town
- Tasmania. booming economic power-house


Outlines indicative only.

Property ID: 502441498Last Updated: 16 Aug 2019

Knight Frank - Launceston

54 Cameron Street
Knight Frank - Launceston
11 Reibey Street
Ulverstone, TAS 7315
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