High Profile Retail Investment
49 Victoria Street, Dubbo NSW 2830
PROPERTY HIGHLIGHTS
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National branded investment
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Multi franchised tenant
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Tenant 21 years in operation
DESCRIPTION
Next Commercial is delighted to offer For Sale - 49 Victoria Street, Dubbo.
Secured by AutoPact - one of Australia's largest private motor vehicle retailers - operating 26 independent sites across the eastern states of Australia and secured by Nikkei listed parent company and global motor vehicle retailer Optimus.
Triple Net Lease ensures tenant is responsible for all outgoings including repairs, maintenance, and building improvements.
Enormous 6,803 sqm* developed site located on the Mitchell Highway forming the western perimeter of Dubbo CBD. Surrounding neighbours are national retailers OzCar, Yamaha, IGA, Battery World, AVIS, The Bottle’O, and Red Dirt Camping.
Investment Highlights:
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Renewed 5-year Triple Net lease commencing January 2019, plus 3 x 5-year options to 2039
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Modern 1,858 sqm* motor vehicle showrooms & 2 fully automated service centres
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Encompassing 6,803 sqm* hardstand promoting 84 m* frontage to Victoria Street
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Lessee pays all statutory outgoings, repairs, maintenance, and building improvements
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Annual rental increases greater of CPI or 3%. (Ratchet clause applies at option review)
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Annual net income $529,282.92 (+GST)*
* (approximate)