Harvey Norman Distribution Centre, 76-84 Gleadow Street,
Invermay, TAS 7248
Warehouse, Factory & Industrial • Showrooms & Large Format Retail • Shops & Retail
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Harvey Norman Distribution Centre, 76-84 Gleadow Street
Invermay, TAS 7248
Map of Harvey Norman Distribution Centre, 76-84 Gleadow Street
8 Year Lease 100% Guaranteed by ASX Listed Harvey Norman
- Distribution and click & collect centre
- Recently expanded 2,814sqm* warehouse
- 5,843sqm* freehold site, 153m* frontage
Burgess Rawson in conjunction with Knight Frank Tasmania are pleased to offer to market the Harvey Norman Distribution Centre located at 76-84 Gleadow Street (corner Montague Street), Invermay (Launceston) TAS for sale via National Investment Portfolio Auction 167.
This investment has the following key highlights:
+ Eight (8) year, Two (2) month lease to June 2028 plus options to 2043.
+ Harvey Norman: multi-national ASX listed retail giant with current market cap of $5.93 billion.
+ Harvey Norman's major distribution centre in northern Tasmania.
+ Recently expanded 2,814sqm* majority high clearance warehouse with 3 container height roller doors plus canopy.
+ Depreciation benefits, with 30% of year 1 rent potentially tax free. (1)
+ Important distribution and click & collect centre situated only 850 metres* from Harvey Norman retail store.
+ Significant 5,843sqm* corner freehold industrial landholding with 153m* combined frontage.
+ Prime site for distribution, corner position, 3 seperate truck access points and metres from East Tamar Highway.
+ Desirable position amongst Bunnings Warehouse, Officeworks, JB H-FI, The Good Guys, RSEA and Boral.
+ Annual CPI rent reviews with important cap and collar at market rent review.
+ Tasmania: booming economy, #1 for equipment investment and #2 for unemployment across the country. (2)
+ Launceston: northern capital of Tasmania with 230,000+ total catchment.
+ Net Income: $329,696pa* + GST (3)
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 27 March 2024
Crown Casino, Melbourne
Please contact the exclusively appointed sales team for more information.
*Approx
1. J Mathew Advisory
2. CommSec State of States Report January 2024
3. Forecast rent as at 1 July 2024 based upon assumed 3.3% CPI increase
This investment has the following key highlights:
+ Eight (8) year, Two (2) month lease to June 2028 plus options to 2043.
+ Harvey Norman: multi-national ASX listed retail giant with current market cap of $5.93 billion.
+ Harvey Norman's major distribution centre in northern Tasmania.
+ Recently expanded 2,814sqm* majority high clearance warehouse with 3 container height roller doors plus canopy.
+ Depreciation benefits, with 30% of year 1 rent potentially tax free. (1)
+ Important distribution and click & collect centre situated only 850 metres* from Harvey Norman retail store.
+ Significant 5,843sqm* corner freehold industrial landholding with 153m* combined frontage.
+ Prime site for distribution, corner position, 3 seperate truck access points and metres from East Tamar Highway.
+ Desirable position amongst Bunnings Warehouse, Officeworks, JB H-FI, The Good Guys, RSEA and Boral.
+ Annual CPI rent reviews with important cap and collar at market rent review.
+ Tasmania: booming economy, #1 for equipment investment and #2 for unemployment across the country. (2)
+ Launceston: northern capital of Tasmania with 230,000+ total catchment.
+ Net Income: $329,696pa* + GST (3)
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 27 March 2024
Crown Casino, Melbourne
Please contact the exclusively appointed sales team for more information.
*Approx
1. J Mathew Advisory
2. CommSec State of States Report January 2024
3. Forecast rent as at 1 July 2024 based upon assumed 3.3% CPI increase
Property ID: 504530048Last Updated: 4 Apr 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Elders Real Estate Launceston54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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