94-100 Wheelers Lane Dubbo NSW 2830
- Shop & Retail
- 3,235 m²
- Expressions of Interest
High-Profile Automotive Retail Assets Dominating NSW Central Tablelands
- New 5 Year Lease
- Outstanding High Street Profile
- Annual Nett Rent $705,600 (+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.
The assets include:
1. Clancy Motor Group, 202 Sydney Road, Kelso NSW
2. Bathurst Motor Group, 10 Corporation Avenue, Bathurst NSW
3. Orange Motor Group, 8 & 10, 14 Gateway Crescent, Orange NSW
4. Clancy Automotive, 94-100 Wheelers Lane, Dubbo NSW
5. Western Plains Automotive, 45-57, 59-71 Victoria Street, Dubbo NSW
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.
Clancy Automotive, 94-100 Wheelers Lane, Dubbo NSW
+ Established motor dealership on site since 2000
+ High profile 14,392 sqm site with fully refurbished dealership showrooms
+ Secured by AutoPact Group with turnover in excess of $1.3 billion in 2021
+ Brands represented - Ford, Jaguar, Land Rover, Subaru, Volkswagen
+ New 5 year lease commencing October 2021 with options to 2036
+ 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 $705,600 (+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|