High Yielding Automotive Investment – Australian Car Sales up 13% YTD*

168 Raglan Parade, Warrnambool VIC

Property Highlights

High Yielding Investment
Secure 10 Year Lease to 2025
Fixed 2.5% annual rent increases
Register to Bid

Description

****50% Stamp Duty Saving****

+ Secure Ten (10) year lease to September 2025 plus options to 2035.
+ Annual, fixed, compounding 2.5% rent increases allowing for growth.
+ Tenant pays all usual outgoings except land tax.
+ Warrnambool Automotive Group – The largest Warrnambool based automotive group with 3 locations.
Mazda Australia a subsidiary of the Japan-based Mazda Motor Corporation operating across 18 countries – Mazda is the 2nd best selling car brand in Australia up 33% YTD. *
+ High profile 3,870sqm Commercial Zone 2 corner site with 40m frontage to the Princes Highway. Accompanied by an additional 3,687sqm landholding, located off Wanstead Street with multiple uses STCA. Total combined site area 7,557sqm.
+ Impressive 1,450sqm building including large showroom, mezzanine level including offices and boardroom plus servicing/workshop area and spare parts.
+ Important Princes Highway frontage with exposure to over 27,000 vehicles passing daily.
+ Strategic location next to Woolworths anchored East Warrnambool Shopping Centre and the well-known Gateway Shopping Centre that includes various high profile tenants including Kmart, Coles, ALDI, Dan Murphy’s and Hungry Jack’s.
+ Warrnambool’s large format retail hub is located within 1.3km including Bunnings Warehouse, Harvey Norman Centre, Super Cheap Auto, Rebel Sport, Beacon Lighting, Snooze and more.
+ Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) with a growing trade catchment circa 100,000 approx.
+ Estimated net rent: $430,197 pa + GST

For Sale for Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne

*performancedrive.com.au

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Automotive
Land Size
3,870 SQM
Building Area
1,450 SQM

Contact Me