Burgess Rawson is pleased to offer to the market 1020 Burwood Highway, Ferntree Gully VIC for sale via Investment Portfolio Auction 158.

The property has the following investment highlights:

+ Renewed 5 year lease to November 2027 plus option to 2032.
+ Garry & Warren Smith Mazda: one of Melbourne’s oldest Mazda dealerships established 1972.**
+ Landlord preferred, net lease terms with tenant paying all outgoings excluding Land Tax.
+ Annual fixed compounding 3.5% rent increases, assuring rental growth.
+ High profile 2,124sqm freehold site with prime Burwood Highway frontage and exposure.
+ Well-presented and maintained 1,054sqm freestanding building including modern warehouse and customer and staff amenities.
+ Architecturally designed – first tilt slab warehouse built in Australia.
+ Strategically placed along Burwood Highway, a major arterial servicing 32,000+ vehicles daily.***
+ Surrounded by major complementary users including Woolworths and Aldi Supermarkets, Repco, Chemist Warehouse, 7-Eleven, Subway, Domino’s, KFC and numerous automotive dealerships and retailers.
+ Within Ferntree Gully, Mazda boasts an impressive 25% market share in the automotive retail sector.***
+ City of Knox: significant metro municipality with population forecast to grow 15% to 192,407 residents by 2041.****
+ Net Income: $170,187 pa* + GST

To be sold by Investment Portfolio Auction: 
10:30am AEDT Wednesday 22 February 2023
Crown Casino, Melbourne VIC

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx.
** GWS Mazda
***Gapmaps
****Forecast.id