124-138 York Street Sale VIC 3850

Ray White Commercial proudly presents this prime corner car dealership network within the heart of Sale. Sale Motor Group has been in occupation since 2010 with a recently renewed 5 year lease plus further terms making this a sound investment with future development potential.

The property boasts the following:
• Land area | 6,229m2 approximately
• Building area | 1,450m2 approximately
• High profile Hyundai, LDV, Ford and Renault showroom
• Thriving industry: New car sales are up 34% in last 6 months (source FCAI)
• Service centre and hardstand area
• Favourable zoning | Mixed use with low site coverage
• Return | $240,000 pa net
• Lease 5 years (renewed 1/10/21)
• Annual 3% increases
• Security deposit and personal guarantees under the lease
• Stamp Duty concession of 50% available