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SOLD - CONTACT AGENT

Highway Exposure Retail Investment

143 - 145 Bridge Street, Tamworth NSW 2340

PROPERTY HIGHLIGHTS 

  • Renewed 10 year lease 

  • Premium Highway Exposure 

  • Annual net income $202,369.56*(+GST)

DESCRIPTION

 

Autobarn Tamworth dominates a bold highway corner position neighbouring Yokohama Tyres, Shell Coles Express, McDonald’s, Guzman Y Gomez, Domino’s, Steggles / Baiada + Sips n Suds Auto Wash.

 

Autobarn forms part of ASX listed company Bapcor - Australia’s largest distributor of parts and accessories throughout a network of over 600 company owned and franchised stores.

Operating a network of over 180 Autobarn stores Australia wide - Bapcor include a market capitalisation of $2.09b AUS. 

Autobarn, a leading motor vehicle accessory supplier to many of Tamworth’s local businesses and regional farmers also benefits from a high profile left hand side inbound highway location, accepting vehicle traffic in both directions ensuring a strong seven (7) day trade. 

A proven and successful long-term retailer on the site of over (+21 years), the lessor in conjunction with Autobarn recently completed an entire rebuild of the existing premises delivering the most modern retail showroom and workshops supporting designated on site customer and staff parking. The complete redevelopment of the building increased the internal NLA by nearly 50%, guaranteeing Autobarn Tamworth continued long term prosperity and growth for another 20 years. 

 

Autobarn Tamworth is the complete investment asset and is being offered For Sale for the very first time in 19 years.

 

KEY INVESTMENT HIGHLIGHTS 

  • Australia’s most sought after Automotive Retailer - Autobarn underpinned by ASX listed company Bapcor - Australia’s largest distributor of parts and accessories across a network of over 600 company owned and franchised stores. 

  • Located on the main western distributor connecting Tamworth CBD to the Northwest and
    Liverpool Plains.

  • Potential future depreciation benefits to investors up-to 2031.

  • Triple Net Lease - tenant pays 100% of all outgoings.

  • Renewed 10 year lease commencing November 2021 plus options up-to 2041.

  • Significant 3% fixed annual rental growth with market reviews at the exercising of the option period.

  • Annual net income $202,369.56*(+GST) as at 1 November 2023.


For further information please contact the exclusive selling agents:

* (approximate)

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