Brand New 15 Yr Triple Net Lease to Long-Established & Award-Winning Dealership

101-107 Horne Street, Sunbury VIC

Property Highlights

Rare triple net lease terms
Recent $2.8m tenant upgrade
Booming Car Sales Industry
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Description

+ Brand new Fifteen (15) year lease to 2036 plus options to 2051.
+ Sunbury Ford: long established and award-winning dealership.
+ Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and single holding land tax. 
+ Tenant also responsible for all structural maintenance, repairs and replacement.
+ Fixed annual 2.5% rent increases assuring growth.
+ Immaculate 1,624sqm dealership with recent $2.8million tenant funded upgrade, offering significant tax saving depreciation benefits.
+ Gateway 4,687sqm site with important 83 metre frontage and 20,000+ vehicles passing daily.
+ Booming Car Sales Industry: new car sales up 28% and used car pricing up 40%.
+ Sunbury’s average number of vehicles per household is 2.01, well above the national average of 1.80.*
+ Strategically located within the main retail and commercial precinct of Sunbury, home to various high-profile national tenants – Bunnings, The Good Guys, Reece Plumbing, Big W, Woolworths, IGA, Dan Murphy’s, Harris Scarfe, Petbarn, Autobarn, Bob Jane T-Marts, Ultra Tune, Supercheap Auto all within 1km.
+ Sunbury: booming growth corridor location, 34km north of Melbourne CBD with population forecast to grow 104% to 86,640 by 2041.**
+ Net Income: $500,000pa + GST

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

*Gapmaps
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Contact Agents
Jamie Perlinger 0413 860 315
Billy Holderhead 0422 817 696
Beau Coulter 0413 839 898
Zomart He 何梓轩 0488 220 830
Rick Jacobson 0413 830 083

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Automotive
Land Size
4,687 SQM
Building Area
1,624 SQM

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