Skip to main content
37-41 Best Street
Devonport TAS 7310
SearchBack to results
Sold on 14 May 2024

37-41 Best Street Devonport TAS 7310

  • Showrooms / Bulky Goods
  • 1,863 m²
  • Sold

5,038sqm Trophy Auto Dealership Freehold Investment | Dominant Toyota Dealership & Multi Brand Service Centre

    Burgess Rawson in conjunction with Knight Frank Devonport are pleased to offer to the market the fully leased Dominant Toyota Dealership and Multi Brand Service Centre investment located at 37-41 Best Street, Devonport for sale via Portfolio Auction Tuesday 14 May 2024 at Crown Casino, Melbourne.

    Key Investment highlights include:

    + Ten (10) year lease to 2030 plus two (2) further ten (10) year options to 2050.
    + Multi-faceted operation with dominant Toyota Dealership and Isuzu UTE Sales plus service and VW authorised service outlet ensuring excellent spread of income.
    + Toyota: world leading major Japanese owned brand which operates over 67 manufacturing companies, markets vehicles in over 170+ countries and regions and employs over 370,000 people worldwide (1)
    +Toyota: Australia and Tasmania's top selling car brand in 2023* with a presence in the Devonport area dating back to 1969*
    + Tenant part of 'Tony White Group' a thriving national market leader with 59* dealerships along the East Coast of Australia employing 2,500 staff and selling over 73,980* vehicles in 2022.
    + The same tenant operates the nearest Toyota Dealerships in Launceston (100km*) and Burnie (51.5km*) plus strong presence across numerous brands and locations throughout Tasmania.
    + Landlord favourable, attractive net lease terms with the tenant responsible for council rates, water rates and single holding land tax.
    + Strong and certain income growth with fixed annual, compounding 3% increases.
    + Modern C2009 built dealership of 1,863*sqm, incorporating showroom, administration accommodation, service centre, workshop and major display yard.
    + Significant 5,038sqm* 'Central Business Zoned' CBD corner landholding providing combined frontage of 133 metres* to Fenton and Best Street - Devonport's major CBD thoroughfare.
    + Strategically located within the growing Devonport CBD zone, a short distance to Woolworths, Coles & K-Mart (250m*), The Rooke Street Mall (200m*) and the brand new Novotel Hotel (200m).
    + Devonport: largest North-West Coast City, major service centre, port and daily/tourism link to Melbourne and 70,000 people residing within 35kms*
    + Minimal management investment
    + Estimated Net Income: $449,661 pa* + GST

    For Sale by Portfolio Auction, Crown Casino, Melbourne
    From 10:30am (AEST) Tuesday 14 May 2024
    For further information please contact the agents directly

    Bidder registration required, register here.

    *Approximately
    (1) Toyota
    (2) GapMaps
    (4) Forecast.id
    (5) Devonport City Council

    AUCTION

    Auction date and time14/05/2024 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold14 May 2024
    Floor Area1,863 m²
    Land Area5,038 m²
    ParkingAsk Agent
    Property ID2019190353
    Category
    Last updated  15 May 2024
    Map for 37-41 Best Street Devonport TAS 7310
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold14 May 2024
    Floor Area1,863 m²
    Land Area5,038 m²
    ParkingAsk Agent
    Property ID2019190353
    Category
    Last updated  15 May 2024

    Co-Agents

    Matthew Wright
    Burgess Rawson VIC Pty Ltd
    Call
    0458 290 588
    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898

    More about 37-41 Best Street Devonport TAS 7310

    37-41 Best Street Devonport TAS 7310 is categorized as Showroom & Bulky Goods Property. It has a floor area of 1,863 m² and a land area of 5,038 m². The listing ID for this property is 2019190353.

    More Showrooms / Bulky Goods properties for Sale in Devonport TAS

    Sold
    37-41 best street,devonport, TAS 7310
    1,863 m²
    Showrooms / Bulky Goods
    Sold
    56 don road,devonport, TAS 7310
    557 m²
    Showrooms / Bulky Goods