Compare Listings

High Profile Retail Investment

45-71 Victoria St, Dubbo NSW 2830
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

45-71 Victoria Street, Dubbo NSW 2830

• Renewed 5 year lease + options to 2039

• Leading National Car Brands

• Triple Net Lease $610,478.40 (+GST)*

Blowes Real Estate in conjunction with Next Commercial is delighted to offer to market 45-71 Victoria Street, Dubbo 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.

Outstanding 12,251 sqm* developed site located on the western perimeter of Dubbo CBD. Surrounding neighbours are national retailers Ozcar, Yamaha, IGA, Battery World, AVIS, The Bottle’O, and Red Dirt Camping.

Investment Highlights:

+ Renewed 5-year Triple Net lease commencing January 2019, plus 3 x 5-year options to 2039
+ 3 modern motor vehicle showrooms totalling 3,478sqm NLA*.
+ Encompassing 12,251sqm* hardstand promoting 150m* frontage to Victoria Street
+ Lessee pays all statutory outgoings, repairs, maintenance, and building improvements
+ Annual rental increases greater of CPI or 3%. (Ratchet clause applies at option review)
+ Annual net income $610,478.40 (+GST)*

For Sale by Public Auction

Auction Details:

Tuesday 30 August 2022
10.30am (AEST)
AuctionWorks – 50 Margaret St, Sydney

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

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

Richard Ellis 0416 072 444
richard.ellis@nextcommercial.com.au

David McClatchey 0402 445 499
david.mcclatchey@nextcommercial.com.au

* (approximate)

  • Renewed 5 year lease + options to 2039
  • Leading National Car Brands
  • Triple Net Lease $610,478.40 (+GST)*
  • Address: 45-71 Victoria St
  • Suburb: Dubbo
  • State: NSW
  • Postcode: 2830
  • Country: Australia

Detail

  • Property ID: 3264549
  • Price: Auction
  • Building Area: 4281 Sqm
  • Land Size: 19054 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