Sensational Showroom/Warehouse Leased to a National Tenant

The Details

Location
Hobart, TAS
Type
Commercial
Purchase Price
$1,975,000 Going concern
Rent
$107,543 net per annum
Yield
5.44%
Cashflow
$32,681 (70% LVR at 6.5% interest rate)
Total Return (incl. capital gains)
$131,431 (cashflow + growth)
Lease
First term 6 years, commenced 15/07/2024 and expiring 14/07/2030, with 1 x 6 year further term
Total Area
482 sqm

Why We Love This Property

  • Circa 2024 build
  • 482 sqm net lettable area
  • Secure 6-year lease to a National Tenant
  • Annual rental reviews at the higher of CPI or 3%
  • Located adjacent to the Hobart Airport
  • Huge depreciation benefits
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