12 Main Road,
Moonah, TAS 7009

Elders Commercial present for sale this high-profile property benefiting from a secure lease to the franchisee of nationally recognised automotive specialists, Midas.

Key highlights of the property include;
o Secure lease to 2032, with options through to 2042
o Landlord favourable net lease structure with Tenant responsible for statutory outgoings including Land Tax
o CPI annual increases providing a hedge against inflation
o Market rent review in 2027, with further Market review at exercise of each option period
o Low maintenance and passive investment, with a gross building area of 422 sqm*
o Excellent exposure to passing vehicle traffic and premium signage opportunities
o Midas currently have 80 automotive service stores throughout Australia with aggressive growth plans
o Long standing tenant being in occupation for over 10 years
o Estimated net passing income: 74,182 plus GST**

The property is for sale by Expressions of Interest closing Thursday 20th June at 4pm (AEST).

For further information or to arrange an inspection please contact George Burbury or Claude Alcorso.

*Approximate
** Before owner outgoings