High Profile Retail Investment
AUCTION - TUESDAY 30TH AUGUST
49 Victoria Street, Dubbo NSW 2830
Renewed 5 year lease + options to 2039
Dubbo’s leading vehicle service centre
Triple Net Lease $604,373.60 (+GST)*
Next Commercial in conjunction with Blowes Real Estate is delighted to offer to market 49 Victoria Street, Dubbo 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.
Outstanding 6,803sqm* developed site located on the western perimeter of Dubbo CBD. Surrounding neighbours are national retailers Ozcar, Yamaha, IGA, Battery World, AVIS, The Bottle’O, and Red Dirt Camping.
+ Renewed 5-year Triple Net lease commencing January 2019, plus 3 x 5-year options to 2039
+ Modern 1,858sqm* motor vehicle showrooms & 2 fully automated service centres
+ Encompassing 6,803sqm* hardstand promoting 84m* frontage to Victoria Street
+ 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 net income $604,373.60 (+GST)*
For Sale by Public Auction
Tuesday 30 August 2022
AuctionWorks - 50 Margaret St, Sydney
For full details contact:
Richard Ellis 0416 072 444
David McClatchey 0402 445 499
Gary Blowes 0418 635 248