Skip to Main Content

Holden/Nissan/Hyundai, 170 Elizabeth Street, Launceston, Tas 7250

Holden/Nissan/Hyundai, 170 Elizabeth Street, Launceston, Tas 7250

Retail Showrooms/Bulky Goods Land/Development

  • Sold Contact Agent
  • Thu 13-Jun-19

Launceston CBD - Long Lease to ASX-Listed Tenant

  • Landmark 7,428sqm site, 750m from GPO
  • Almost entire block
  • Close to Woolworths & Dan Murphy’s

  • Land Area
  • 0.74ha (1.84 acres) (approx)
  • Floor Area
  • 3,469 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Aug 12, 2019

Interested in this property? Contact an Agent today

Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street

Sydney NSW 2000

Darren Beehag, Burgess Rawson - Sydney
Darren Beehag
Burgess Rawson - Melbourne

Level 7,140 Bourke Street

Melbourne Vic 3000

Billy Holderhead, Burgess Rawson - Melbourne
Billy Holderhead
Knight Frank - Launceston

54 Cameron Street

Launceston Tas 7250

David Webster, Knight Frank - Launceston
David Webster
Nicholas Bond, Knight Frank - Launceston
Nicholas Bond

Launceston CBD - Long Lease to ASX-Listed Tenant

Auction Wednesday 3 April 2019 @ 11am
River Room, Crown Casino, Melbourne

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
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures

Landmark position only 750 metres from Launceston GPO
Impossible to replicate in terms of scale and strategic position
Close to major Woolworths and Dan Murphy's
Extremely rare, almost entire city block, affording
4 major CBD frontages totalling 290 metres
Extensively redeveloped to exceptional standard and presentation
Launceston: Tasmania's 2nd largest city with 80,000+ people

Net income $883,423 pa + GST

Holden/Nissan/Hyundai, 170 Elizabeth Street, Launceston, Tas 7250

Be the first to see new properties

Sign up for a MyCommercial account to get property alerts.

Get Email Alerts