3 Waterworth Street,
Wynyard, TAS 7325

3 Waterworth Street, Wynyard presents a modern, high clearance, fully leased industrial asset with modern office and staff amenities constructed circa c2013 and expanded c2016.
The property is 100% leased to CLTP Panel Products Pty Ltd, a business controlled by the Hermal Group (https://www.hermalgroup.com/).

CLTP has leased the property for a 3+3 year term from 1 January 2019 to establish operations to produce Cross Laminated Timber Panels as a step towards setting up a $190 million facility at Hampshire.

With convenient access to the Bass Highway via Reservoir Road, this property offers a highly functional and modern industrial premises with strong road linkages to the Bass Highway, Wynyard CBD, Wynyard Airport and the Port of Burnie. Estimated Net Income (before owner’s outgoings) is approximately $90,000 pa excl GST, providing a return of circa 9.00%.

3 Waterworth Street, Wynyard is being offered for sale at $1,000,000 + GST (if applicable).