Compare Listings

High-Profile Automotive Retail Property Asset

10 Corporation Ave, Bathurst NSW 2795
Auction Time: 10:30 AM Date: 30/08/2022 Venue: AuctionWorks - 50 Margaret St, Sydney

  • Description
  • Address
  • Details
  • Floor Plan

Description

AUCTION – TUESDAY 30TH AUGUST

High-Profile Automotive Retail Property Asset | Bathurst Motor Group

• New 10 Year Lease

• Outstanding Highway Exposure

• Annual nett income $923,915 (+GST)*

Blowes Real Estate in conjunction with Next Commercial is delighted to offer to the market a High Performance Automotive Property Investment for sale by Auction.

‘Bathurst Motor Group’ is situated on the western perimeter of Bathurst CBD, neighbouring Service NSW and Bathurst Toyota.

The property boasts 139m of frontage onto the Mitchell Highway, west bound to all traffic en-route to Orange.

The large 14,640 sqm* dual frontage site benefits a direct ingress and egress at both front and rear, allowing ease of access for customers and ensuring safe and efficient vehicular movement.

Secured by AutoPact – one of Australia’s largest private motor vehicle retailers, operating 26 independent sites across the eastern states of Australia.

Investment Highlights:

+ High profile 14,670 sqm site with multiple street frontages, representing Subaru, Nissan, Suzuki, GWM, Haval, General Mortors Special Vehicles, Hyundai, Honda,

+ Fully refurbished dealership showrooms & service centre completed in 2022

+ Secured by AutoPact Group with turnover in excess of $1.3 billion in 2021

+ New 10 year lease commenced in November 2021, with options to 2044

+ Annual rental increases greater of 3% or CPI

+ Lessee pays 100% of all statutory outgoings

+ Annual nett income $923,915 (+GST)*

For further information and inspections, please contact the exclusive selling agents.

Gary Blowes 0418 635 248
gary@blowesre.com.au

Anthony Bray 0419 322 233
anthony.bray@nextcommercial.com.au

* (approximately)

  • New 10 Year Lease
  • Outstanding Highway Exposure
  • Annual nett income $923,915 (+GST)*
  • Address: 10 Corporation Ave
  • Suburb: Bathurst
  • State: NSW
  • Postcode: 2795
  • Country: Australia

Detail

  • Property ID: 3264529
  • Price: Auction
  • Building Area: 3120 Sqm
  • Land Size: 14670 Sqm
  • Parking: 50

Additional details

  • Auction Time: 10:30 AM
  • Auction Date: 30/08/2022
  • Auction Venue: AuctionWorks - 50 Margaret St, Sydney

Contact info

Gary Blowes
Gary Blowes
0418 635 248

Enquire about this property