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.

Investment Highlights:

+ 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

Auction Details:

Tuesday 30 August 2022

10.30am (AEST)
AuctionWorks - 50 Margaret St, Sydney

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

Anthony Bray 0419 322 233

anthony.bray@nextcommercial.com.au

Gary Blowes  0418 635 248

gary@blowesre.com.au


* (approximately)