Secure 10 Year Lease | Premium Corner Site | Development Upside
Elders Commercial is pleased to present an outstanding large format retail investment securely leased to Tas Trucks and offering the rare combination of long-term income security and genuine development upside.+ 10 Year Lease to Tas Trucks to 2035 plus one (1) further five (5) year option through to 2040, currently returning a total net income of $629,530 pa + GST + Outgoings
+ Annual rental increases are the greater of 3% or CPI, ensuring long term compounding income growth
+ Landlord favorable net lease terms with tenant responsible for usual outgoings including single holding land tax and building insurance.
+ Commanding 11,972 sqm* corner freehold landholding at the intersection of Hobart Road and Kings Meadows Link
+ Recently refurbished and extended building, comprising approximately 2,150 sqm* of lettable area with a good mix of showroom, workshop, storage and office accommodation with extensive Hardstand fronting the Kings Meadows Link Road, upgraded in 2024
+ Development Approval over 1,248 sqm* of surplus land for a 493 sqm* showroom/warehouse, with a two-year leaseback at $70,000 p.a. + GST providing holding income during the development period.
Please contact one of the listing agents for more information or to arrange a site inspection.
*Approximate
Features
General Features
- Land Area: 2,150 sqm
- Commercial Type: Retail
- Building Area: 2,150sqm
- Zoning: Commercial
Can I afford 242 & 246 - 250 Hobart Road?
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