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AP Eagers Limited, 20-26 Invermay Road, Invermay, Tas 7248

AP Eagers Limited, 20-26 Invermay Road, Invermay, Tas 7248

Retail Showrooms/Bulky Goods Land/Development

  • Sold Contact Agent
  • Thu 04-Jul-19

ASX-Listed Tenant on Long Lease

  • Large 5,164 sqm site
  • Close to Launceston CBD, wide frontage
  • Sought after retail, auto, showroom

  • Land Area
  • 0.52ha (1.28 acres) (approx)
  • Floor Area
  • 649 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Sep 06, 2019

Interested in this property? Contact an Agent today

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ASX-Listed Tenant on Long Lease

Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease

Strategic main road position close to Launceston CBD, Utas Stadium and planned relocation of University of Tasmania northern campus
Invermay Road, one of the preferred precincts for large format retail, automotive and commercial showroom operations
Expansive landholdings in this vicinity are rarely offered to the market place
Valuable 80 metre retail frontage to Invermay Road, being highly visible to large traffic volumes
Hosting a leading used-motor vehicle dealership, this prominent site has facilitated excellent year on year sales growth

Net income $235,398 pa + GST

AP Eagers Limited, 20-26 Invermay Road, Invermay, Tas 7248

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