Highway Exposure Retail Investment
AUCTION - TUESDAY 30TH AUGUST
10 Corporation Avenue, Bathurst NSW 2795
Renewed 10 year lease + options to 2046
National tenant security AutoPact Group
Triple Net Lease $923,915 (+GST)*
Next Commercial in conjunction with Blowes Real Estate is delighted to offer to market 10 Corporation Avenue, Bathurst for sale by Public Auction.
Secured by AutoPact - one of Australia's largest private motor vehicle retailers - operating 26 independent sites across the eastern states of Australia.
Triple Net Lease with tenant responsible for outgoings, repairs, maintenance, and building improvements.
Enormous 14,670sqm* developed site located on the western perimeter of Bathurst CBD, neighbouring Service NSW and Bathurst Toyota.
+ Renewed 10-year Triple Net Lease commencing October 2021, plus 3 x 5-year options to 2046
+ Modern 3,120sqm* motor vehicle showrooms & fully automated service centre
+ 14,670sqm* developed site incorporating 139m* frontage to Mitchell Highway
+ Lessee pays all statutory outgoings, repairs, maintenance, and building improvements
+ Annual rental increases greater of CPI or 3%. (Ratchet clause applies at option review)
+ Annual nett income $923,915 (+GST)*
For Sale by Public Auction
Tuesday 30 August 2022
AuctionWorks - 50 Margaret St, Sydney
For further information and inspections, please contact the exclusive selling agents:
Anthony Bray 0419 322 233
Gary Blowes 0418 635 248