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Nubco Hardware, Lot 3/39a Don Road, DEVONPORT, TAS, 7310

+9 Photos

+11 Photos

SOLD

Nubco Hardware, Lot 3/39a Don Road, DEVONPORT, TAS, 7310

Properties / Sold / Tasmania / Devonport

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

12,120 m² (*approx)

Floor Area

3695 m² (*approx)

Property Type

Industrial, Retail, Other

Sub-type

Office/Warehouse, Logistics Building, Mixed Use

Show All

2. Property Highlights

Booming ASX-Listed Tenant | Nubco State Distribution Centre

Secure 7 year lease on net terms
Booming ASX-listed tenant
Fixed annual 3% increases

+ Secure 7 year Lease to 2026 plus options to 2036

+ Nubco: Subsidiary of Coventry Group: ASX: (CYG), market leading hardware, industrial supply business with a current market cap of $135 million**

+ Investor friendly net lease with tenant responsible for council rates, water rates, land tax and landlord insurance

+ Modern, adaptable & substantial 3,695*sqm industrial buildings

+ Significant 12,120*sqm site with low site coverage -30.5% providing significant future expansion upside (STCA)

+ Don Road location provides excellent access to the Bass Highway, CBD and Port of Devonport

+ Devonport: Largest North West Coast City, major service centre and tourism link to Melbourne

+ Situated in Devonport main bulky goods & industrial precinct

+ Guaranteed rental growth with fixed 3% annual increases

+ Net Rental: $290,220* pa + GST

For Sale by Investment Portfolio Auction

11am (AEST) Tuesday 28 September 2021

*Approx.

**As at August 2021

Remember to mention you found this property on CommercialReady.com.au

Property Type

Industrial, Retail, Other

Sub-type

Office/Warehouse, Logistics Building, Mixed Use

Land Area

12,120 m² (*approx)

Floor Area

3695 m² (*approx)

Selling Method

Auction

Selling Details

Price on Request

2. Property Highlights

Booming ASX-Listed Tenant | Nubco State Distribution Centre

Secure 7 year lease on net terms
Booming ASX-listed tenant
Fixed annual 3% increases

+ Secure 7 year Lease to 2026 plus options to 2036

+ Nubco: Subsidiary of Coventry Group: ASX: (CYG), market leading hardware, industrial supply business with a current market cap of $135 million**

+ Investor friendly net lease with tenant responsible for council rates, water rates, land tax and landlord insurance

+ Modern, adaptable & substantial 3,695*sqm industrial buildings

+ Significant 12,120*sqm site with low site coverage -30.5% providing significant future expansion upside (STCA)

+ Don Road location provides excellent access to the Bass Highway, CBD and Port of Devonport

+ Devonport: Largest North West Coast City, major service centre and tourism link to Melbourne

+ Situated in Devonport main bulky goods & industrial precinct

+ Guaranteed rental growth with fixed 3% annual increases

+ Net Rental: $290,220* pa + GST

For Sale by Investment Portfolio Auction

11am (AEST) Tuesday 28 September 2021

*Approx.

**As at August 2021

Remember to mention you found this property on CommercialReady.com.au

Tenanted Investment

Matthew Wright

+61 *** *** *** show +61 458 290 588

Beau Coulter

+61 *** *** *** show +61 413 839 898

Nicholas Bond

+61 *** *** *** show +61 414 395 007

Clinton O'Keefe

+61 *** *** *** show +61 419 610 877

Download Development Site Report

3. Property Location

Nubco Hardware, Lot 3/39a Don Road, DEVONPORT, TAS, 7310

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4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

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Nubco Hardware, Lot 3/39a Don Road, DEVONPORT, TAS, 7310 Devonport

Burgess Rawson - Melbourne

Level 20/150 Lonsdale St, Melbourne VIC 3000

Matthew Wright

+61 *** *** *** show +61 458 290 588

Beau Coulter

+61 *** *** *** show +61 413 839 898

Knight Frank - Tasmania

5, Victoria Street, Hobart, Tasmania, Australia, 7000

View Agency Profile

Nicholas Bond

+61 *** *** *** show +61 414 395 007

Clinton O'Keefe

+61 *** *** *** show +61 419 610 877

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