Nubco Hardware, 176 Channel Highway,
Kingston, TAS 7050
Key property information
Map of Nubco Hardware, 176 Channel Highway
Booming ASX-Listed Hardware Tenant
- Located directly opposite Bunnings
- High exposure to Channel Highway
- Compounding annual 3% increases
Coventry Group Ltd (ASX: CYG), a market leading hardware, industrial supply and fluid hydraulics business with a market cap of $97 million**.
FY21 Sales up 18.2%.
Landlord friendly net lease, tenant responsible for council rates, land tax and insurances according to the lease.
Guaranteed rental growth with annual fixed 3% rent increases.
Prominent 4,138sqm* corner site with over 13,000 passing cars daily.
Well presented 1,632 (approx.) warehouse and showroom.
Surrounded by leading retailers and significant office buildings including Bunnings, United, Beaurepairs, Mitre 10, Harvey Noman and the Australian Antarctic. Division all within 600 metres* Kingston: 15kms from Hobart CBD, one of Tasmania’s fastest growth regions.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent: $216,678* pa + GST.
To be sold by Investment Portfolio Auction:
Wednesday 31 March 2021
Southbank, Crown Casino, Melbourne
2 other Nubco- Coventry Group Ltd freehold investments also available.
Contact sales team for more details.
**Coventry Group Ltd
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property ID: 503773926Last Updated: 2 Jun 2021