14 McKays Road Somerset TAS 7322

Burgess Rawson is pleased to offer to the market DSI Underground Somerset located at 14 McKays Road, Somerset TAS for sale via Investment Portfolio Auction 172.

The property has the following investment highlights:

+ Ten (10) year net lease to DSI Underground to 2028
+ One (1) further five (5) year option to 2033
+ DSI Underground: Australia's largest manufacturer & supplier of specialist strata reinforcement & support products to the underground mining sectors & subsidiary of Sandvik (STO: SAND), a global engineering firm with a market cap of $40.95 billion AUD
+ Fixed 3% annual rent increases with ratchet provisions at market review, ensuring future rental growth
+ Landlord favourable net lease terms with the tenant paying all outgoings including land tax
+ Impressive 1,192sqm* warehouse facility with two 4.8m clearance height roller doors and an additional 168sqm* office space
+ Substantial 2,712sqm* landholding centrally located in Somerset's industrial precinct with 25 designated on-site car spaces
+ Positioned within immediate proximity of the Bass Highway, an integral road network interconnecting three major cities in Tasmania & currently undergoing a $280 million upgrade^
+ Waratah Wynyard Council: second largest LGA of the 'Cradle Coast Region' with a strong manufacturing & agricultural economy producing a Gross Domestic Product of $6 billion^^
+ Net Income: $151,167 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.
^ Tasmania State Government
^^ Waratah Wynyard Council