28 Hillcrest Road Devonport TAS 7310

Burgess Rawson is pleased to offer to the market the PFD Foods (Woolworths). Devonport TAS, for sale via our Investment Portfolio Auction.

This property has the following investment highlights:

+ Long 15 Year Net Lease to 2036 plus options to 2071
+ Leased to Woolworths Group Ltd (ASX: WOW) - PFD Foods
+ Woolworths Group is Australia's #1 retailer, with sales of $67.9 billion in 2024.
+ PFD Foods is one of Australia's largest food service distributors and part of Woolworths' B2B Food division with F24 EBIT up 87.1% to $122 million
+ Attractive landlord-favourable, net lease structure; PFD Foods (Woolworths) pay rates, land tax, building insurance, public liability insurance and management fees
+ Guaranteed rental growth with fixed 2.8% annual rent increases.
+ Expansive 19,520sqm* freehold landholding with a well-designed 3,198 sqm* facility.
+ Rare to market freestanding Cold Storage Investment.
+ Devonport: Tasmania's third largest city and major service centre, port and tourism link to mainland.
+ Net income: $279,198 pa + GST*^

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 25 March 2025
Yallamundi Rooms, Sydney Opera House
Also available as part of Burgess Rawson's March Portfolio Auction.

- PFD Foods (Woolworths), Geebung (Brisbane) QLD

Please contact the exclusively appointed sales team for more information

*Approx
^As at May 2025