229 Kennedy Drive
Cambridge TAS 7170
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Atrractive net lease investment to National logistics tenant
Elders Commercial are proud to present to the market this outstanding industrial transport asset leased to COPE Sensitive Freight, situated at 229 Kennedy Drive, Cambridge.Cambridge in approximately 13 kms east of Hobart’s city centre. The property is highly accessible being situated just off the Tasman Highway which forms part of Greater Hobart’s arterial road network whilst Kennedy Drive is the main roadway passing through Cambridge’s commercial precinct.
This purpose built 1,223sqm* industrial facility is situated on a substantial 3,956sqm* allotment and is occupied by COPE Sensitive Freight, with approximately 5.11* years remaining on a 13 year lease with a further 5 year option. The property has a passing net rental of approx. $159,315**pa + GST with all statutory outgoings, building insurance and management fees recoverable from the tenant.
This quality industrial asset ticks all of the investment boxes and is one to be seriously considered, given the significant future rental uplift, de-risked double net lease and strong national lease covenant.
The property is for sale by Expressions of Interest closing Thursday 28th November 2024 at 4pm (AEDT).
For further information or to arrange an inspection please contact Claude Alcorso or Trevor Fox
*Approximate
** Before owner outgoings
Features
General Features
- Land Area: 3,956sqm
- Commercial Type: Industrial/Warehouse
- Building Area: 1,223sqm
- Zoning: Light Industrial
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