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Blue Chip Investment - Triple Net lease with Repco Group ...

3/6 Innes Street, LAUNCESTON TAS, 7250

For Sale

Property for Sale in 3/6 Innes Street, LAUNCESTON TAS, 7250

Listing ID:
11378552
Status:
Active
For:
Sale
Price:
Private Treaty EOI Offer
Last Updated:
05/04/2020
Icon building

Property Type

Showrooms/Bulky Goods
Icon square

Land Area

837 SQM
Icon size

Floor Area

801 SQM
Icon parking

Parking

0

Blue Chip Investment - Triple Net lease with Repco Group - Global Giant Parent Company Security

3/6 Innes Street presents as a superb investment opportunity, the perfect acquisition for an SMSF, small syndicate or individuals featuring:
- Secure 10 + 5 + 5 year 'triple net' lease covenant up to 31 July
2033 with Repco group, Australia's largest auto parts supplier
- Tenant pays all outgoings incl. Land Tax and building insurance
- Fixed 3% annual rent increases assuring growth
- Repco parent company: Genuine Parts Co (NYSE:GPC), a $30b+ global
automotive conglomerate,$20b+ annual sales, 3100+ operations
worldwide
- Modern, as new and low maintenance 801sqm showroom building
constructed 2009/10
- Substantial depreciation benefits carry over
- Fully fitted showroom, air conditioned and DDA compliant amenities
- 34 space customer car park (common), further 3 on title at rear
- Super location opposite Launceston Plaza (Coles, Kmart) and Chemist Warehouse, next door to Mitre 10, two blocks from $250m+ UTAS developments and less than 1klm from CBD
- Net rent income $196,779 p.a (from 1 August 2020)

Contact Ian Singline for further details on this exceptional investment opportunity - full IM report available, inspections by appointment.

For more details, please email agent

Shepherd & Heap

49 Cameron Street, Launceston, TAS 7250


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