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229 Kennedy Drive
Cambridge TAS 7170
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229 Kennedy Drive Cambridge TAS 7170

  • Factory, Warehouse & Industrial
  • 1,223 m²
  • Expressions of Interest

Atrractive net lease investment to National logistics tenant

  • Sought after industrial location
  • Net Lease: $159,315 + GST
  • NLA only 30% site coverage

Elders Commercial are proud to present to the market this outstanding industrial transport asset leased to COPE Sensitive Freight, situated at 229 Kennedy Drive, Cambridge.

Cambridge in approximately 13 kms east of Hobart's city centre. The property is highly accessible being situated just off the Tasman Highway which forms part of Greater Hobart's arterial road network whilst Kennedy Drive is the main roadway passing through Cambridge's commercial precinct.

This purpose built 1,223sqm* industrial facility is situated on a substantial 3,956sqm* allotment and is occupied by COPE Sensitive Freight, with approximately 5.11* years remaining on a 13 year lease with a further 5 year option. The property has a passing net rental of approx. $159,315**pa + GST with all statutory outgoings, building insurance and management fees recoverable from the tenant.

This quality industrial asset ticks all of the investment boxes and is one to be seriously considered, given the significant future rental uplift, de-risked double net lease and strong national lease covenant.

The property is for sale by Expressions of Interest closing Thursday 28th November 2024 at 4pm (AEDT).

For further information or to arrange an inspection please contact Claude Alcorso or Trevor Fox

*Approximate
** Before owner outgoings

EXPRESSION OF INTEREST

Closing date and time28/11/2024 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent
Elders Real Estate Hobart
Elders Real Estate Hobart
5 Victoria Street
Hobart, TAS 7000

Property Highlights

Floor Area1,223 m²
Land Area3,956 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019614383
Category
Last updated  6 Nov 2024
Map for 229 Kennedy Drive Cambridge TAS 7170
Elders Real Estate Hobart
Elders Real Estate Hobart
5 Victoria Street
Hobart, TAS 7000

Property Highlights

Floor Area1,223 m²
Land Area3,956 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019614383
Category
Last updated  6 Nov 2024

Co-Agents

Claude Alcorso
Elders Real Estate Hobart
Call
0417 586 756
Trevor Fox
Elders Real Estate Hobart
Call
0419 355 917

More about 229 Kennedy Drive Cambridge TAS 7170

229 Kennedy Drive Cambridge TAS 7170 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 1,223 m² and a land area of 3,956 m². The listing ID for this property is 2019614383.

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