Knight Frank is delighted to offer for sale this trophy industrial investment, leased to ASX Listed TasFoods Ltd on a new 7 year term with 2 x 5 year options.
This well located industrial cool store, warehouse, and office facility with future development potential^ presents well and comprises a building area of 392 sqm*, and an impressive waterfront land area of 4,318 sqm*.
The property is being sold with a 7-year leaseback with a net rent of $90,000 plus GST and the Tenant responsible for all outgoings and day to day repairs and maintenance, making this a fantastic option for the passive investor.
With the amount of underutilised land there is potential for development or expansion at lease end^, capitalising on the demand for industrial buildings in the Derwent Park area
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