A Dominant Retail Asset
Clancy Automotive - Dubbo

FOR SALE - PRIVATE NEGOTIATION
A Dominant Retail Asset

  • 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 Property Investment' For Sale.

94-100 Wheelers Lane, Dubbo is situated on the eastern side of Wheelers Lane and close to the intersection of the main arterial road of Dubbo, Mitchell Highway. Strategically located adjacent to Orana Mall Shopping Centre. The desirable location provides dual street frontage of 140m* onto Wheelers Lane and Windsor Parade at the rear of the property.

The outstanding location in the heart of Dubbo provides the ideal exposure for automotive sales, service and display and is perfectly positioned within Dubbo's preferred large format retail area, east of the CBD.

Secured by AutoPact - one of Australia's largest private motor vehicle retailers, operating 26 independent sites across the eastern states of Australia.

Investment Highlights:

 

+ Established motor dealership on site since 2000

+ High profile 14,392 sqm site with fully refurbished dealership showrooms representing Ford, Jaguar, Land Rover, Subaru, Volkswagen

+ Secured by AutoPact Group with turnover in excess of $1.3 billion in 2021

+ New 5 year lease commencing October 2021 with options to 2036

+ Annual rental increases greater of 3% or CPI

+ Lessee pays 100% of all statutory outgoings

+ Annual nett income $705,600 (+GST)*

For further information and inspections, please contact the exclusive selling agents.

Anthony Bray 0419 322 233

anthony.bray@nextcommercial.com.au

David McClatchey 0402 445 499

david.mcclatchey@nextcommercial.com.au

Ryan Cross 0402 147 124

ryan.cross@nextcommercial.com.au

Gary Blowes 0418 635 248

gary@blowesre.com.au


* (approximately)