High Exposure Auto Retail Investment

Description

+ Secure 10 year lease to November 2025 plus 10 year option to 2035
+ Tenant pays all usual outgoings as per the lease
+ Proven auto retail position – Longstanding Autobarn franchisee operating on-site 2005
+ 74% of households within the Local Government Area have access to two or more motor vehicles
+ Annual rent reviews
+ AutObarn: Successful automotive parts business with 135+ store across Australia, a wholly owned subsidiary of ASX listed Bapcor Ltd
+ Immaculate 1,157sqm retail showroom including workshop and service bays
+ Strategic retail position amongst McDonalds, Bunnings, KFC, Hungry Jacks & Pet Barn
+ Extensive main road frontage with exposure to over 19,400 cars passing daily
+ Net Income: $247,569 pa + GST

For Sale by Auction
11am AEDT Wednesday 24 February 2021
Crown Casino, Melbourne VIC

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Contact agents
Jamie Perlinger Head of Agency | Partner
0413 860 315
Matthew Wright Partner
0458 290 588
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Eltham, VIC

256 Bolton Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 142

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