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855-859 Nepean Hwy, Brighton, VIC, 3186, 855-859 Nepean Hwy, Brighton, VIC, 3186

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855-859 Nepean Hwy, Brighton, VIC, 3186, 855-859 Nepean Hwy, Brighton, VIC, 3186

855-859 Nepean Hwy, Brighton, VIC, 3186, 855-859 Nepean Hwy, Brighton, VIC, 3186

Properties / Buy / Victoria / Brighton
Tenanted Investment
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1. Property Summary

Selling Method
EOI
Land Area
4,049 sqm (*approx)
Floor Area
2614 sqm (*approx)
Property Type
Retail
Terms
Long-term 12-year lease
Est. Income
$1,430,000 p/a
Fully Leased
Fortune 500 covenant – Penske Automotive Group (NYSE:PAG)
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2. Property Highlights

THE FREEHOLD INTEREST IN ONE OF AUSTRALIA’S PREMIERE LUXURY CAR DEALERSHIPS FOR SALE
  • Long-term 12-year lease to global listed entity
  • Located within Melbourne’s highly affluent bayside suburbs •
  • Desirable annual rental increases providing guaranteed future income growth

JLL Retail Investments, acting under instruction from Advise Transact, is delighted to present for Sale 855-859 Nepean Highway, Brighton. An unprecedented opportunity to become the landlord of an established car dealership, and gain exposure to an exceptional tenant covenant in Penske Automotive Group (NYSE: PAG).

Key Property Highlights:

+ Purpose built, state-of-the-art dealership, which recently underwent major expansion and refurbishment in 2019

+ Located in one of Melbourne’s most affluent and expensive Bayside suburbs

+ Long-term 12-year lease to Fortune 500 covenant – Penske Automotive Group (NYSE:PAG)

+ NET Lease structure with the tenant responsible for all usual outgoings, including Land Tax (increase over base year)

+ Highly desirable annual rental increases providing guaranteed net income growth

+ Situated on a 4,049sqm* Commercial 2 Zoned (C2Z) corner landholding with a combined 133m of prime retail frontage providing exceptional exposure

+ Located on the major arterial roadway, Nepean Highway, widely regarded as the ‘Golden Mile of Cars’ with exposure to over 64,000 daily passing vehicles

+ Current passing rental of $1,430,000 p.a. + GST

855-859 Nepean Highway, Brighton is for sale by Expressions of Interest, closing on Wednesday 31st July 2024 at 3:00pm (AEST)

To obtain further information or to arrange an inspection, please contact the agents below:

Stuart Taylor | +61 428 000 000

Tom Noonan | +61 402 319 698

Jarrod Herscu | +61 418 155 062

Mingxuan Li | +61 498 688 998

中文普通话咨询物业详情,请联系Mingxuan Li李名轩。 手机: 0498 688 998 电子邮件: Mingxuan.Li@jll.com 或微信ID: Mingxuanli777

 

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Tenanted Investment

1. Property Summary

Property Type
Retail
Est. Income
$1,430,000 p/a
Tenant
Fortune 500 covenant – Penske Automotive Group (NYSE:PAG)
Terms
Long-term 12-year lease
Land Area
4,049 sqm (*approx)
Floor Area
2614 sqm (*approx)
Selling Method
EOI
EOI Closing Date
25 Jul 2024 03:00PM

2. Property Highlights

THE FREEHOLD INTEREST IN ONE OF AUSTRALIA’S PREMIERE LUXURY CAR DEALERSHIPS FOR SALE
  • Long-term 12-year lease to global listed entity
  • Located within Melbourne’s highly affluent bayside suburbs •
  • Desirable annual rental increases providing guaranteed future income growth

JLL Retail Investments, acting under instruction from Advise Transact, is delighted to present for Sale 855-859 Nepean Highway, Brighton. An unprecedented opportunity to become the landlord of an established car dealership, and gain exposure to an exceptional tenant covenant in Penske Automotive Group (NYSE: PAG).

Key Property Highlights:

+ Purpose built, state-of-the-art dealership, which recently underwent major expansion and refurbishment in 2019

+ Located in one of Melbourne’s most affluent and expensive Bayside suburbs

+ Long-term 12-year lease to Fortune 500 covenant – Penske Automotive Group (NYSE:PAG)

+ NET Lease structure with the tenant responsible for all usual outgoings, including Land Tax (increase over base year)

+ Highly desirable annual rental increases providing guaranteed net income growth

+ Situated on a 4,049sqm* Commercial 2 Zoned (C2Z) corner landholding with a combined 133m of prime retail frontage providing exceptional exposure

+ Located on the major arterial roadway, Nepean Highway, widely regarded as the ‘Golden Mile of Cars’ with exposure to over 64,000 daily passing vehicles

+ Current passing rental of $1,430,000 p.a. + GST

855-859 Nepean Highway, Brighton is for sale by Expressions of Interest, closing on Wednesday 31st July 2024 at 3:00pm (AEST)

To obtain further information or to arrange an inspection, please contact the agents below:

Stuart Taylor | +61 428 000 000

Tom Noonan | +61 402 319 698

Jarrod Herscu | +61 418 155 062

Mingxuan Li | +61 498 688 998

中文普通话咨询物业详情,请联系Mingxuan Li李名轩。 手机: 0498 688 998 电子邮件: Mingxuan.Li@jll.com 或微信ID: Mingxuanli777

 

Read More
Tenanted Investment

3. Property Location

855-859 Nepean Hwy, Brighton, VIC, 3186, 855-859 Nepean Hwy, Brighton, VIC, 3186

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Advise Transact
Ground Floor, 92 Kooyong Rd, Caulfield North VIC 3161
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