98 Mornington Road Mornington TAS 7018

Elders Commercial is pleased to offer this highly sought after tenanted investment, leased by national consumer goods giant PETstock.

Majority owned by ASX listed supermarket operator Woolworths Group, PETstock is one of the few players operating in the $10 billion pet sector and currently operate out of 272 stores across the country.

PETstock fully occupy the site and pay net annual rent of $63,127 plus all statutory outgoings including land tax. The lease expires in June 2026, with options through to 2050 supported by annual CPI increases.

750 sqm* of industrial improvements occupy the 1,396 sqm site with 10 car parks situated at the site entrance.

Located in proximity to 98 Mornington Road are major tenants including Bunnings, Mitre 10, Repco, Bluescope Steele, Reece Plumbing and Australia Post. Mornington a thriving industrial and commercial precinct just 8kms from the Hobart CBD.

For Sale by Expressions of Interest closing Thursday 31 October 2024 at 4pm (AEDT).