Woolworths cheapest landlord offering? Burgess Rawson

Woolworths cheapest landlord offering? Burgess Rawson
Woolworths cheapest landlord offering? Burgess Rawson

Marketed as Australia's most affordable Woolworths, Burgess Rawson have the George Town, Tasmania premises listed for August 5 auction.

The 8 Bathurst Street, George Town tenants come with an established lease with 20 + 10 year lease through to 2042. 

The rent is $336,682 pa.

The 1978 square metre Woolworths at 8 Bathurst Street, George Town has been described as a "consistent and progressively performing investment" with a captive trade catchment. 

The single tenant offering has minimum management investment with income tax saving depreciation. 

George Town is described as a residential and service centre for major industry including Bell Bay Aluminium generating a 1,500 workforce. 

George Town is a large town in north-east Tasmania, on the eastern bank of the mouth of the Tamar River. The Australian Bureau of Statistics records the George Town Municipal Area had a population of 6,906 as at the 30 June 2011.

It is also a popular tourist and holiday region providing a seasonal boost. 

The auction will be held at Crown Casino Melbourne.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Auction Woolworths

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