High Profile Retail Investment

AUCTION - TUESDAY 30TH AUGUST
59-71 Victoria Street, Dubbo NSW 2830

  • Renewed 5 year lease + options to 2039

  • Leading National Car Brands

  • Triple Net Lease $610,478.40 (+GST)*

Next Commercial in conjunction with Blowes Real Estate is delighted to offer to market 59-71 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 12,251 sqm* 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.

Investment Highlights:

+ Renewed 5-year Triple Net lease commencing January 2019, plus 3 x 5-year options to 2039
+ 3 modern motor vehicle showrooms totalling 3,478sqm NLA*.
+ Encompassing 12,251sqm* hardstand promoting 150m* 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 $610,478.40 (+GST)*

For Sale by Public Auction

Auction Details:

 

Tuesday 30 August 2022

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

Richard Ellis 0416 072 444

richard.ellis@nextcommercial.com.au

David McClatchey 0402 445 499

david.mcclatchey@nextcommercial.com.au

Gary Blowes 0418 635 248

gary@blowesre.com.au


* (approximate)