2 Matthews Way,
Devonport, TAS 7310
Warehouse, Factory & Industrial
Key property information
Land area
Floor area
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Map of 2 Matthews Way
Outstanding Blue Chip Investment
Knight Frank is excited to offer for sale by Auction a highly professional industrial facility located at 2 Matthews Way, Devonport.
This property provides investors with the opportunity to acquire a highly affordable blue chip industrial investment comprising a well presented industrial facility with a single long term lease to Cummins South Pacific Pty Ltd a wholly-owned subsidiary of Cummins Inc, a prominent internationally backed 'Fortune 500' organisation.
Knight Frank recommends close consideration and highlights the following investment qualities:
- A dominant light industrial location close to the Bass Highway
- Total Gross Building Area of approx. 1,100sqm on a site 4,174sqm, allowing for potential expansion (STCA)
- Fully leased on a 6+5+5 year term commencing 1 July 2016
- Cummins South Pacific is a wholly-owned subsidiary of Cummins Inc. Cummins in the world's largest independent designer and manufacturer of diesel engines employing around 55,000 people worldwide
- Cummins has been in occupation of this site for approximately 27 years
- This service facility is the only one of its kind in Tasmania for Cummins
- First time offered to the market in 28 years
- Tenant pays usual outgoings
The property is to be offered For Sale by Auction on Friday 28 July 2017 at 1.00pm on site at 2 Matthews Way, Devonport.
To inspect this property or receive additional information, please contact Nicholas Bond of Knight Frank.
This property provides investors with the opportunity to acquire a highly affordable blue chip industrial investment comprising a well presented industrial facility with a single long term lease to Cummins South Pacific Pty Ltd a wholly-owned subsidiary of Cummins Inc, a prominent internationally backed 'Fortune 500' organisation.
Knight Frank recommends close consideration and highlights the following investment qualities:
- A dominant light industrial location close to the Bass Highway
- Total Gross Building Area of approx. 1,100sqm on a site 4,174sqm, allowing for potential expansion (STCA)
- Fully leased on a 6+5+5 year term commencing 1 July 2016
- Cummins South Pacific is a wholly-owned subsidiary of Cummins Inc. Cummins in the world's largest independent designer and manufacturer of diesel engines employing around 55,000 people worldwide
- Cummins has been in occupation of this site for approximately 27 years
- This service facility is the only one of its kind in Tasmania for Cummins
- First time offered to the market in 28 years
- Tenant pays usual outgoings
The property is to be offered For Sale by Auction on Friday 28 July 2017 at 1.00pm on site at 2 Matthews Way, Devonport.
To inspect this property or receive additional information, please contact Nicholas Bond of Knight Frank.
Devonport, 7310 demographic data
The median household income for Devonport is $1,093, 11% lower than Regional Tasmania's household income of $1,225. Devonport has a younger age profile compared to the rest of Regional Tasmania (median age 43 vs 45). Property ownership data shows 45% of property owners in Devonport have a mortgage.
14,481
Population
$1,093 per week
Median household income
43 years
Median age
Owners
Most residents
Families
Most households
2 Matthews Way
Devonport, TAS 7310
Elders Real Estate - Devonport4 Stewart Street
DEVONPORT, TAS 7310
DEVONPORT, TAS 7310
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