Evolution Hardware, 16 Burgess Drive,
Shearwater, TAS 7307

Warehouse, Factory & Industrial • Offices

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Entry Level Investment - 8.5% Yield Anticipated

New 3 + 3 year lease
'Capital Intensive' building upgrades
Growing satellite suburb of Devonport

New 3 year lease to April 2020 plus option to 2023
Evolution Hardware Pty Ltd: wholly owned subsidiary of Joinery Products established in 1956
Annual CPI rent reviews and market review at the option
Tenant pays all usual outgoings
Modern high clearance warehouse of 235 sqm with recent capital intensive fit-out upgrades including kitchen, bathroom, LED lighting, hardstand area and powered container height RSD's
Prominent 494 sqm landholding with 18.5 metre frontage
Shearwater: Growing satellite suburb of Devonport evidenced by recently opened Woolworths anchored shopping centre
Single tenant minimum management investment
Rent: $32,000 pa

Auction 11am AEST Wednesday 9 August 2017
River Room, Crown Casino, Melbourne

Property ID: 502468554Last Updated: 3 May 2021