Prime Dealership Location with New 10 Year Lease – Capital Investment of Over $2 Million

10 Corporation Avenue, Bathurst NSW

Property Highlights

New 10 year lease from 1 November 2021
Lessee pays 100% of outgoings
Annual increases - 3% or CPI

Description

Expressions of Interest – Closing 11 November 5pm AEDT

Burgess Rawson are delighted to exclusively offer for Sale by Auction this superb investment leased to Bathurst Auto Group, a subsidiary of AutoPact Group on a new 10 year NET Lease.

A capital investment of over $2 million is currently under way upgrading the dealer ship to allow for the growth in dealer brands to be offered to the Bathurst community and surrounding region. The show room is in place with the service section to be open over the next six weeks.

The dealership opened in 2000 and is to take advantage of the high profile location and signage opportunities along the major arterial Mitchell Highway connecting the Central West. The brands represented include Hyundai, Havel, GWM, GMSV, Subaru, Honda, Nissan and Suzuki and the site is secured by the numerous future development opportunities realised by it B5 Business zone.

Bathurst Auto Group is part of AutoPact Group, one of Australia’s biggest auto dealership groups, having 26 dealerships along the eastern seaboard which represent 33 of the top car brands in Australia selling in excess of 26,000 vehicles with a turnover of $1.3 Billion in 2021 financial year. The brand covers premium, luxury and commercial vehicle categories and also offer a range of services, including new and used vehicle sales, service, parts as well as vehicle finance and insurance. They are also a PPG Industries distributor of paints, coatings, and specialty materials. (plus Holden Service Centre)

Bathurst is a city in the Central Tablelands of New South Wales, Australia. It is about 200 kilometres west-northwest of Sydney and is the seat of the Bathurst Regional Council. Bathurst is the oldest inland settlement in Australia and had a population of 37,191 at June 2019.

This is an exceptional long-term premium investment opportunity to one of Australia’s top tier Automotive groups.

Highlights Include:

+ New 10 year lease from 1 November 2021
+ Lessee pays 100% of outgoings including land tax
+ Annual increases – 3% or CPI, whichever is the greater
+ Capital investment of over $2 million
+ Extensive solar infrastructure on the roof
+ Auto Pact has 26 dealerships representing 33 of the top car brands
+ Showroom & offices with total building area of 3,120.83sqm
+ Substantial Land holdings with an area of 14,640sqm
+ On-site parking

Annual Net rent – $923,915 plus GST

For further information or to arrange an inspection subject to current NSW health regulations please contact Steve Burke or Darren Beehag.

Property Details

Listing
Sale
Occupancy Type
Large Format Retail
Land Size
14,640 SQM
Building Area
3,120 SQM

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