10 Corporation Avenue Bathurst NSW 2795
- Shop & Retail
- 3,120 m²
- Expressions of Interest
High-Profile Automotive Retail Assets Dominating NSW Central Tablelands
- New 10 Year Lease
- Outstanding Highway Exposure
- Annual nett income $923,915 (+GST)
Next Commercial in conjunction with Blowes Real Estate is delighted to offer to the market a 'High Performance Automotive Investment Portfolio' which is being offered For Sale in one line.
This portfolio comprises five high-profile automotive retail assets dominating the investment market in regional NSW with a weighted average lease expiry of 7 years and options staggered to 2044.
Each property is leased and located within a major regional city, collectively representing 21 international automotive brands ensuring long-term financial security.
The principal tenant across the portfolio, AutoPact, is also one of Australia's largest private motor vehicle retailers, operating 26 independent sites across the eastern states of Australia.
The long-term lease profile will engage sophisticated investor groups with guaranteed security.
Total nett income across the portfolio is $4.587m* p.a with indexed annual rental increases greater of 3% or CPI.
Bathurst Motor Group, 10 Corporation Avenue, Bathurst NSW
+ Established motor dealership on-site since 1960
+ High profile 14,670 sqm site with multiple street frontages
+ Fully refurbished dealership showrooms & service centre completed in 2022
+ Secured by AutoPact Group with turnover in excess of $1.3 billion in 2021
+ Brands represented - Subaru, Nissan, Suzuki, GWM, Haval, General Mortors Special Vehicles, Hyundai, Honda,
+ New 10 year lease commenced in November 2021, with options to 2044
+ Annual rental increases greater of 3% or CPI
+ Lessee responsible for all property maintenance & improvements
+ Lessee pays 100% of all statutory outgoings
+ Annual nett income $923,915 (+GST)*
All purchasers are invited to secure the entire portfolio via Expressions of Interest closing Wednesday 29 June, 2022.
For further information and inspections, please contact the exclusive selling agents.
EXPRESSION OF INTEREST
|Closing date and time||29/06/2022 14:00|
|Recipient name||Ask Agent|
|Delivery address||Ask Agent|