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High Profile Retail Investment

94-100 Wheelers Lane, Dubbo NSW 2830
Auction Time: 10:30 AM Date: 30/08/2022 Venue: AuctionWorks - 50 Margaret St, Sydney

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Description

AUCTION – TUESDAY 30TH AUGUST

94-100 Wheelers Lane, Dubbo NSW

• Renewed 5 year lease with options to 2036
• Neighbouring Orana Mall Shopping Centre
• Triple net lease $703,200 (+GST)*

Blowes Real Estate in conjunction with Next Commercial is delighted to offer to market 94-100 Wheelers Lane, 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.

Enormous 14,392sqm developed site located on the northern perimeter of Orana Mall Shopping Centre. Orana Mall is the premier shopping centre in the Western Plains District.

Investment Highlights:

+ Renewed 5-year Triple Net Lease commencing 31 October 2021 plus 2 x 5-year options to 2036
+ Modern 3,235sqm* motor vehicle showrooms & fully automated service centre
+ 14,392sqm* developed site fronting both Wheelers Land & Windsor Parade
+ 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 nett income $703,200 (+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

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

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

* (approximate)

  • Renewed 5 year lease with options to 2036
  • Neighbouring Orana Mall Shopping Centre
  • Triple net lease $703,200 (+GST)*
  • Address: 94-100 Wheelers Lane
  • Suburb: Dubbo
  • State: NSW
  • Postcode: 2830
  • Country: Australia

Detail

  • Property ID: 3264544
  • Price: Auction
  • Building Area: 3235 Sqm
  • Land Size: 14392 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

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