AP Eagers Ltd tenanted automobile showrooms.
Modern, well presented automobile showrooms located on land rich sites. Long term lease to AP Eagers Ltd, paying all outgoings, with options to renew.
To be acquired June 2019.
170 Elizabeth Street, Launceston, Tasmania
1 Don Road, Devonport, Tasmania
CAPITAL COST (INC ACQUISITION COSTS):
AUD $18.15 million.
55% LVR, Variable at 4.19%, non-recourse.
NET PASSING YIELD ON CONTRACT PRICE
DISTRIBUTIONS TO INVESTORS (PAID MONTHLY)
9.50% Year 1.