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62 Derwent Park Road
Derwent Park TAS 7009
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Sold on 27 Aug 2024

62 Derwent Park Road Derwent Park TAS 7009

  • Shop & Retail
  • 604 m²
  • Sold

Freestanding LFR Freehold Investment | Renewed Lease To National Giant Petbarn

    Burgess Rawson in conjunction with Edwards Windsor Real Estate are pleased to offer to the market Petbarn in Derwent Park Tasmania for sale by Private Treaty.

    The property has the following key investment highlights:

    + Recently renewed Five (5) Year lease to 2028 plus options to 2038, to Petbarn, on-site for 10+ Years
    + Petbarn: National network of 140+ Sites, owned by Greencross Vets, subsidiary of NASDAQ listed TPG Capital, Australia Super and Ontario Pension Plan.
    + Highly sought after fixed annual 3% rental increases and rare corporate rental guarantee.
    + Irreplaceable 1,134sqm* 'Commercial Zoned' site in Hobart's most sought after LFR and industrial precinct of Derwent Park.
    + Fully occupied by Petbarn with building area of 604sqm* comprising Warehouse and Showroom as well as important level on-site carparking.
    + Located in the leading industrial precinct of Hobart's northern suburbs with Bunnings, Coates Hire, United Tools, Total Tools, Searoad Logistics, Repco, 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 consistently led the nation over the past 3 years in CommSec's state of the state report, currently number #2 in equipment spending.
    + Minimal management investment
    + Estimated Net Income: $159,745 pa* plus GST

    To be sold by Private Treaty.

    * Approx

    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold27 Aug 2024
    Floor Area604 m²
    Land Area1,134 m²
    ParkingAsk Agent
    Property ID2019359216
    Category
    Last updated  27 Aug 2024
    Map for 62 Derwent Park Road Derwent Park TAS 7009
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold27 Aug 2024
    Floor Area604 m²
    Land Area1,134 m²
    ParkingAsk Agent
    Property ID2019359216
    Category
    Last updated  27 Aug 2024

    Co-Agents

    Matthew Wright
    Burgess Rawson VIC Pty Ltd
    Call
    0458 290 588
    Burgess Rawson VIC Pty Ltd
    Call
    0418 395 157
    Burgess Rawson VIC Pty Ltd
    Call
    03 9613 0400
    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898

    More about 62 Derwent Park Road Derwent Park TAS 7009

    62 Derwent Park Road Derwent Park TAS 7009 is categorized as Shop & Retail Property. It has a floor area of 604 m² and a land area of 1,134 m². The listing ID for this property is 2019359216.

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