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Subway, 92 Gilbert Street, LATROBE, TAS, 7307
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Subway, 92 Gilbert Street, LATROBE, TAS, 7307

2. Property Highlights

New 7 Year Lease to Leading Franchisee - 24 Stores & Growing
  • New 7 Year 'Head Office' Company Lease
  • Net Lease, Plus Fixed 3% Increases
  • Major Store Upgrade in 2022

+ Brand new 7 + 5 + 5 year ‘Head Office’ lease to 2038

+ Tenant pays all usual outgoings

+ Fixed 3% increases – assuring rental growth

Major store tenant upgrade proposed in 2022

+ Subway: World’s largest restaurant chain with 40,000+ stores

+ Long proven leading franchisee with 24 stores and growing, including 10 stores in Tasmania,

+ 456sqm site which includes with triple frontage and exposure including frontage to Station Square and rear council carpark

+ Includes a residential tenancy at rear of building – long term occupant

+ Central main road location, amongst BWS, IGA Supermarket, Australia Post, Vinnies, CBA, Reject Shop, Mitre 10,m Pharmacy, Dentist

+ Latrobe – retail and commercial capital of Latrobe Council - catchment population 11,300, 8 kms from Devonport

+ Net Income: $45,916 pa + GST

For Sale by Investment Portfolio Auction

11:15am (AEDT) Thursday 11 November 2021

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

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Ian Singline
Ian Singline
+61 *** *** *** show +61 419 820 820
Justin Kramersh
Justin Kramersh
+61 *** *** *** show +61 460 349 605
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304

3. Property Location

Subway, 92 Gilbert Street, LATROBE, TAS, 7307

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4. Due Diligence

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