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SOLD
Mazda, 168 Raglan Parade, WARRNAMBOOL, VIC, 3280
Tenanted Investment
DETAILS
High Yielding Automotive Investment – Australian Car Sales up 13% YTD*
  • High Yielding Investment
  • Secure 10 Year Lease to 2025
  • Fixed 2.5% annual rent increases

****50% Stamp Duty Saving****

+ Secure Ten (10) year lease to September 2025 plus options to 2035.

+ Annual, fixed, compounding 2.5% rent increases allowing for growth.

+ Tenant pays all usual outgoings except land tax.

+ Warrnambool Automotive Group – The largest Warrnambool based automotive group with 3 locations.

Mazda Australia a subsidiary of the Japan-based Mazda Motor Corporation operating across 18 countries - Mazda is the 2nd best selling car brand in Australia up 33% YTD. *

+ High profile 3,870sqm Commercial Zone 2 corner site with 40m frontage to the Princes Highway. Accompanied by an additional 3,687sqm landholding, located off Wanstead Street with multiple uses STCA. Total combined site area 7,557sqm.

+ Impressive 1,450sqm building including large showroom, mezzanine level including offices and boardroom plus servicing/workshop area and spare parts.

+ Important Princes Highway frontage with exposure to over 27,000 vehicles passing daily.

+ Strategic location next to Woolworths anchored East Warrnambool Shopping Centre and the well-known Gateway Shopping Centre that includes various high profile tenants including Kmart, Coles, ALDI, Dan Murphy’s and Hungry Jack’s.

+ Warrnambool’s large format retail hub is located within 1.3km including Bunnings Warehouse, Harvey Norman Centre, Super Cheap Auto, Rebel Sport, Beacon Lighting, Snooze and more.

+ Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) with a growing trade catchment circa 100,000 approx.

+ Estimated net rent: $430,197 pa + GST

For Sale for Investment Portfolio Auction

10:30am (AEST) Wednesday 12 May 2021

Crown Casino, Melbourne

*performancedrive.com.au

Remember to mention you found this property on CommercialReady.com.au

PROPERTY SUMMARY
Auction:
Price on Request
AUCTION DATE:
12 May 2021 10:30AM
FLOOR AREA:
1450 m² (*approx)
Land Size:
3870 m² (*approx)
Type:
Industrial, Retail, Other, Car Dealership, Car Dealership
Tenanted Investment:
High Yielding Automotive Investment – Australian Car Sales up 13% YTD*
LOCATION
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