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Burgess Rawson - Melbourne

Nubco Hardware, 31 Wenvoe Street Devonport, TAS 7310

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Nubco Hardware, 31 Wenvoe Street,
Devonport, TAS 7310

Shop & Retail • Warehouse, Factory & Industrial • Offices

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Burgess Rawson - Melbourne
Nubco Hardware, 31 Wenvoe Street
Devonport, TAS 7310
Burgess Rawson - Melbourne

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000

Map of Nubco Hardware, 31 Wenvoe Street

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ASX-Listed Tenant - Office & Retail Outlet

  • Prime Devonport CBD Location
  • Statewide head office plus retail
  • Compounding annual 3% increases
Secure 7 year lease to 2026 plus two (2) further five (5) year options to 2036.
Coventry Group Ltd (ASX: CYG), a market leading hardware, industrial supply and fluid hydraulics business with a market cap of $117.46 million**.
FY21 Sales up 18.2%.
Landlord friendly net lease, tenant responsible for council rates, land tax and landlord insurances according to the lease.
Guaranteed rental growth with annual fixed 3% rent increases.
Prime 2,555 site in the Devonport CBD.
First class 1,998sqm (approx.) building comprising statewide head offices and retail outlet.
Dual frontage to Wenvoe Street and Formby Road which is a main arterial road into Devonport CBD.
Surrounded by leading retailers and outlets, Beaurepairs, Shell and Caltex.
Devonport: Largest North West Coast city, major service centre and tourism link to Melbourne and major Tas tourism attractions.
Commsec ranks Tasmania as Australia best performing economy in key indicators***.
Net Rent: $163,315* pa + GST.

To be sold by Investment Portfolio Auction:
10:30am AEDT
Wednesday 12 May 2021
Southbank, Crown Casino, Melbourne

2 other Nubco- Coventry Group Ltd freehold investments also available.
Contact sales team for more details.

**Coventry Group Ltd
***Commsec

*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: 503804106Last Updated: 23 Jun 2021

Agency contacts

Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
View agency profile
Knight Frank - Devonport
48-54 Oldaker Street
DEVONPORT, TAS 7310
View agency profile

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Billy Holderhead

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Billy Holderhead
Burgess Rawson - Melbourne
Nubco Hardware, 31 Wenvoe Street Devonport, TAS 7310

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

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