11 Lampton Avenue Derwent Park TAS 7009

Burgess Rawson in conjunction with Edwards Windsor Real Estate are pleased to offer to the market the Australia Post Distribution Centre in Derwent Park Tasmania for sale via Auction Investment Portfolio 165.

The property has the following key investment highlights:

+ Recently renewed Five (5) Year lease to 2027 plus option to 2032, to Australia Post, on-site 20+ years.
+Australia Post: Commonwealth Government business enterprise that provides postal services in Australia with over 64,000 workers spanning 4,310 sites nationwide**
+Landlord favourable net lease terms with the tenant responsible for all usual outgoings including land tax
+Highly sought after annual CPI reviews with attractive cap and collar with minimum 2.5% increase annually and capped at 5% annually.
+ Irreplaceable 3,954sqm 'General Industrial Zoned' site in Hobart's most sought after industrial precinct of Derwent Park.
+Fully occupied by Australia Post with building area of 1816sqm* comprising Warehouse, Mail sorting, distribution and storage centre for Australia Post vehicles.
+ Located in the leading industrial precinct of Hobart's northern suburbs with Bunnings, Coates Hire, United Tools, Total Tools, Searoad Logistics, Petstock, ABS and Isuzu trucks all located within 1km*.
+Within 1km of Moonah- Major shopping precinct of Northern Hobart with major tenants including Woolworths, Chemist Warehouse, Harris Scarfe and all major banks.
+Derwent Park: Booming industrial suburb of Glenorchy with a population of approximately 72,000 within a 6km radius*
+Tasmania: Has led the nation 6 out of the last 8 quarters in key economic indicators according to CommSecs's State of the States reports***
+Estimated Net Income: $265,256*** (As at March 2024)

To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne VIC

***assuming CPI increase in March in over 5%, increase of 5% applied.
***Commsec state of the states report