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High Profile Retail Investment

202 Sydney Rd, Kelso NSW 2795
Auction Time: 10:30 AM Date: 30/08/2022 Venue: AuctionWorks - 50 Margaret St, Sydney 2000

  • Description
  • Address
  • Details
  • Floor Plan

Description

AUCTION – TUESDAY 30TH AUGUST

Premium Automotive Service Centre

• Renewed 10 Year Lease
• Premium Highway Exposure
• Annual net income $664,202 (+GST)*

Blowes Real Estate in conjunction with Next Commercial is delighted to offer to market 202 Sydney Road, Kelso 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.

Enormous 11,890sqm developed site located on the northern perimeter of Bathurst CBD, neighbouring BP, BCF, Petbarn, Freedom Furniture, Jaycar and McDonalds.

Investment Highlights:

+ Renewed 10-year lease commencing November 2021

+ 10-year option to 2041

+ Modern 2,590 sqm motor vehicle showrooms & fully automated service centre

+ 11,890 sqm developed site fronting Great Western Highway

+ Lessee pays all statutory outgoings, repairs, maintenance, and building improvements

+ Annual rental increases greater of CPI or 3%

+ Annual nett income $664,202.88 (+GST)*

Auction Details:

Tuesday 30 August 2022
10:30am (AEST)
AuctionWorks – 50 Margaret St, Sydney 2000

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)

  • Renewed 10 Year Lease
  • Premium Highway Exposure
  • Annual nett income $664,202 (+GST)*
  • Address: 202 Sydney Rd
  • Suburb: Kelso
  • State: NSW
  • Postcode: 2795
  • Country: Australia

Detail

  • Property ID: 3264547
  • Price: Auction
  • Building Area: 2592 Sqm
  • Land Size: 11890 Sqm
  • Parking: 50

Additional details

  • Auction Time: 10:30 AM
  • Auction Date: 30/08/2022
  • Auction Venue: AuctionWorks - 50 Margaret St, Sydney 2000

Contact info

Gary Blowes
Gary Blowes
0418 635 248

Enquire about this property