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Next Commercial is delighted to offer to market 45-71 Victoria Street, Dubbo - Western Plains Automotive (WPA) via Expressions of Interest.

 

Secured by Optimus Group Co., Ltd. - a global automotive powerhouse headquartered in Tokyo, Japan, and listed on the Tokyo Stock Exchange (TYO:9268), now operating 30 independent sites across Australia’s eastern states.

 

WPA - a long established motor vehicle retailer (2003) occupying undoubtedly the largest automotive display centre across The Central West of NSW across two sites.

 

Triple net lease with tenant responsible for outgoings, repairs, maintenance, and building improvements.

 

Two (2) enormous sites occupying 19,054 sqm* located on the northwestern perimeter of Dubbo CBD, profiling six (6) modern manufacturers showrooms, two (2) automated technical workshops plus a highway frontage reported at 261 metres.

Investment Highlights:
 

• 5 Year Net Lease commenced 2021, plus 5 Year Option up to 2031

• Brand new Mazda, Mercedes, Mitsubishi & Nissan showrooms. One new showroom currently under construction profiling Honda

• Independent Mazda service centre + additional technical workshop for all other manufacturers

• 261m* frontage developed hardstand fronting Victoria Street

• Lessee pays all statutory outgoings, repairs, maintenance, and building improvements

• Annual rental increases greater of CPI or 3%

• Annual net income - $1,255,635* (+GST) (as at March 2025)

• 45-71 Victoria Street, Dubbo is offered For Sale via Expressions of Interest closing Wednesday, 16th April 2025 at 3:00pm

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45-71 Victoria Street, Dubbo is offered For Sale via Expressions of Interest closing Wednesday, 16th April 2025 at 3:00pm

* (approximate)