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855-859 Nepean Highway
Bentleigh VIC 3204
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JLL - Melbourne

855-859 Nepean Highway Bentleigh VIC 3204

  • Shop & Retail
  • 2,614 m²
  • For Sale, Contact Agents

One Of Australia's Premiere Luxury Car Dealerships For Sale

  • 12-year lease to global listed entity
  • Located in Melbourne's Bayside suburbs
  • Desirable annual rental increases

JLL Retail Investments, acting under instruction from Advise Transact, is delighted to present for Sale 855-859 Nepean Highway, Brighton. An unprecedented opportunity to become the landlord of an established car dealership, and gain exposure to an exceptional tenant covenant in Penske Automotive Group (NYSE: PAG).

Key Property Highlights:
+ Purpose built, state-of-the-art dealership, which recently underwent major expansion and refurbishment in 2019
+ Located in one of Melbourne's most affluent and expensive Bayside suburbs
+ Long-term 12-year lease to Fortune 500 covenant Penske Automotive Group (NYSE:PAG)
+ NET Lease structure with the tenant responsible for all usual outgoings, including Land Tax (increase over base year)
+ Highly desirable annual rental increases providing guaranteed net income growth
+ Situated on a 4,049sqm* Commercial 2 Zoned (C2Z) corner landholding with a combined 133m of prime retail frontage providing exceptional exposure
+ Located on the major arterial roadway, Nepean Highway, widely regarded as the 'Golden Mile of Cars' with exposure to over 64,000 daily passing vehicles
+ Current passing rental of $1,430,000 p.a. + GST

855-859 Nepean Highway, Brighton is for sale by Expressions of Interest, closing on Wednesday 31st July 2024 at 3:00pm (AEST)

To obtain further information or to arrange an inspection, please contact the agents below:

Stuart Taylor | +61 428 000 000
Tom Noonan | +61 402 319 698
Jarrod Herscu | +61 418 155 062
Mingxuan Li | +61 498 688 998

Property Highlights

Floor Area2,614 m²
Land Area4,049 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019330440
Category
Last updated  4 Jul 2024
Map for 855-859 Nepean Highway Bentleigh VIC 3204

Property Highlights

Floor Area2,614 m²
Land Area4,049 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019330440
Category
Last updated  4 Jul 2024

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