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28 Hillcrest Road, Devonport, TAS, 7310

Properties / Buy / Tasmania / Devonport

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Contact Agent

Land Area

19,520 m² (*approx)

Floor Area

3198 m² (*approx)

Property Type

Industrial, Other

Sub-type

Office/Warehouse

Terms

Long 15 Year Net Lease to 2036 plus options to 2071

Est. Income

$271,593 p/a

Fully Leased

PFD Foods

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2. Property Highlights

15 Year Lease - Woolworths Group Investment - 19,520sqm Landholding

Long 15 Year Net Lease to 2036
Significant 19,520sqm Landholding
Net income: $271,593 pa* + GST

Burgess Rawson is pleased to offer to the market the PFD Foods (Woolworths) Portfolio, for sale via our Investment Portfolio Auction.

This property has the following investment highlights:

+ Long 15 Year Net Lease to 2036 plus options to 2071

+ Leased to subsidiary of Woolworths Group Ltd (ASX: WOW), PFD Foods

+ Woolworths Group is Australia’s #1 retailer, with sales of $64.4 billion in FY2023.

+ PFD Foods is one of Australia’s largest food service distributors and part of Woolworths’ B2B Food division with H1 FY24 EBIT up 45.7% to $71 million

+ Attractive landlord-favourable, net lease structure; PFD Foods (Woolworths) pay rates, land tax, building insurance, public liability insurance and management fees

+ Guaranteed rental growth with fixed annual rent increases.

+ Expansive 19,520sqm* freehold landholding with a well-designed 3,198 sqm* facility.

+ Rare to market freestanding Cold Storage Investment.

+ Devonport: Tasmania’s third largest city and major service centre, port and tourism link to mainland.

+ Net income: $271,593 pa* + GST.

To be sold by Investment Portfolio Auction

Call Agent to Confirm Auction Date

Please contact the exclusively appointed sales team for more information

*Approx

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