'Orange Motor Group', 8 & 10-14 Gateway Crescent, Orange

Next Commercial in conjunction with Blowes Real Estate is delighted to offer to market 8 and 10-14 Gateway Crescent, Orange for sale by Private Treaty.
  
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. 

Enormous 1.3ha developed site located on the eastern perimeter of Bathurst CBD, neighbouring The Orange Home Maker Centre. Neighbouring retailers include Harvey Norman, Freedom Furniture, Sleep City, Spotlight, Sportsman Warehouse, Recollections, Everyday Living, Autobarn, Super Cheap Auto, and BCF.
 

Investment Highlights: 

+  Renewed 10-year Triple Net lease commencing January 2020, plus 2 x 5-year options to 2040  
+  Modern 3,647.41sqm* motor vehicle showrooms & fully automated service centre 
+  Encompassing 9,693.64sqm* hardstand promoting a 210m* frontage to Mitchell Highway
+  Lessee pays all statutory outgoings, repairs, maintenance, and building improvements 
+  Annual rental increases greater of CPI or 3% 
+  Annual net income $1,078,835.58 (+GST)*     
 

(*approximate)

For Sale by Private Negotiation

For further information or to arrange a site inspection, contact Exclusive Marketing Agents.