440-444 Westbury Road
Prospect Vale TAS 7250
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Light Industrial zoned Investment. "Double Net" Lease to Internationally recognised Agri-Business
Elders Commercial is pleased to present this well-located industrial investment, securely leased to Nutrien Ag Solutions, the Australian agribusiness division of Nutrien Ltd (TSX & NYSE listed). The property occupies a premium position within a tightly held industrial precinct, benefiting from prominent exposure to Westbury Road at the Bass Highway intersection, linking Prospect Vale with Greater Launceston.The asset offers secure net income with CPI-linked growth, reversionary upside at the 2028 market review, and a strong net lease structure, providing a low-maintenance investment profile supported by a global tenant covenant.
Key Investment Highlights:
+ Securely leased to Nutrien Ag Solutions (global TSX & NYSE listed parent)
+ Net income of $135,779 per annum + GST with annual CPI increases
+ Reversionary potential at 2028 market review (passing rent circa $80/sqm)
+ WALE of 2.53 years with one further 5-year option
+ Outgoings recoverable from the tenant
+ 5,155 sqm site with dual access and circa 74* m frontage to Westbury Road
+ Functional improvements of circa 1,682 sqm (showroom, office, bulk store, workshop, drive-through)
This represents a compelling opportunity to acquire a tightly held industrial investment underpinned by a strong national tenant covenant and future rental upside within one of Greater Launceston’s core industrial corridors.
Please contact one of the listing agents for more information or to arrange an inspection.
Features
General Features
- Commercial Type: Industrial/Warehouse
- Building Area: 1,682sqm
- Zoning: Light Industrial
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