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25-27 Stony Rise Road, QUOIBA, TAS, 7310

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SOLD

25-27 Stony Rise Road, QUOIBA, TAS, 7310

Properties / Sold / Tasmania / Quoiba

Tenanted Investment

1. Property Summary

Selling Method

Sale by Negotiation

Selling Details

$775,000 + GST (if applicable)

Land Area

1,468 m² (*approx)

Floor Area

647 m² (*approx)

Property Type

Industrial

Sub-type

Office/Warehouse, Warehouse Showroom, Hard Stand

Terms

3 + 3 + 3 year lease from 1 May 2021

Est. Income

$55,000 p/a

Fully Leased

Coventry Group Ltd

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2. Property Highlights

Fully Leased to ASX Listed Coventry Group Ltd (ASX:CYG)

25 - 27 Stony Rise Road, Quoiba provides an opportunity to purchase a fully leased office/workshop building, located in a popular industrial location within the Quoiba/Spreyton industrial precinct. The property is fully leased to Coventry Group Ltd (ASX:CYG) on a 3 + 3 + 3 year lease from 1 May 2021.

This new lease was entered into following the recent acquisition of ‘Fluid Power Services’ (FPS) by Coventry Group Ltd. The building provides a well established office and workshop facility of approximately 647 sqm on a high exposure corner allotment of approximately 1,468 sqm. Rental from 1 May 2021 is $55,000 + GST and Outgoings.

The property is situated on a high profile corner site, approx. 4.6 km from the Devonport CBD. Other services and occupiers within the immediate area include Fairbrother, Booth Transport, Shipton Agricultural, Saddle World and Rapid Supply.

The property is offered for sale by Private Treaty at $775,000 + GST (if applicable). Please contact Knight Frank for further information or to arrange an inspection.

Remember to mention you found this property on CommercialReady.com.au

Property Type

Industrial

Sub-type

Office/Warehouse, Warehouse Showroom, Hard Stand

Est. Income

$55,000 p/a

Tenant

Coventry Group Ltd

Terms

3 + 3 + 3 year lease from 1 May 2021

Land Area

1,468 m² (*approx)

Floor Area

647 m² (*approx)

Selling Method

Sale by Negotiation

Selling Details

$775,000 + GST (if applicable)

2. Property Highlights

Fully Leased to ASX Listed Coventry Group Ltd (ASX:CYG)

The property is offered for sale by Private Treaty at $775,000 + GST (if applicable). Please contact Knight Frank for further information or to arrange an inspection.

Remember to mention you found this property on CommercialReady.com.au

Tenanted Investment