10 Gatenby Drive Westbury TAS 7303

Leased to Australian Independent Rural Retailers, 100% wholly owned subsidiary of rural juggernaut Elders - ASX:ELD boasting annual 2022 turnover of $3.4b.

Shepherd & Heap Commercial thoroughly recommend this impressive warehousing complex to all investors seeking a secure, low maintenance A grade asset located on a prime corner c. 1Ha parcel in one of Northern Tasmania's newest distribution hubs.

- Located just off Highway 1, 34km from Launceston and 66km from Devonport.
- Full tilt slab construction - substantial 3,738m2 building area including dispatch canopy
- Concrete drive, aprons and carpark - no expense spared
- Immense depreciation benefits for strategic tax minimisation
- 5+5+5 year lease from 1 July 2022
- Favourable and sought after CPI increases
- Tenant pays rates, water and building insurance
- $384,867pa net rental from 1 July 2023 assuming 6% CPI increase

For further details contact Blake Shepherd.