Long Established Mazda Service Centre | Prime Burwood Highway Freehold
1020 Burwood Highway , Ferntree Gully VIC
Property Highlights
Description
Burgess Rawson is pleased to offer to the market 1020 Burwood Highway, Ferntree Gully VIC for sale via Investment Portfolio Auction 158.
The property has the following investment highlights:
+ Renewed 5 year lease to November 2027 plus option to 2032.
+ Garry & Warren Smith Mazda: one of Melbourne’s oldest Mazda dealerships established 1972.**
+ Landlord preferred, net lease terms with tenant paying all outgoings excluding Land Tax.
+ Annual fixed compounding 3.5% rent increases, assuring rental growth.
+ High profile 2,124sqm freehold site with prime Burwood Highway frontage and exposure.
+ Well-presented and maintained 1,054sqm freestanding building including modern warehouse and customer and staff amenities.
+ Architecturally designed – first tilt slab warehouse built in Australia.
+ Strategically placed along Burwood Highway, a major arterial servicing 32,000+ vehicles daily.***
+ Surrounded by major complementary users including Woolworths and Aldi Supermarkets, Repco, Chemist Warehouse, 7-Eleven, Subway, Domino’s, KFC and numerous automotive dealerships and retailers.
+ Within Ferntree Gully, Mazda boasts an impressive 25% market share in the automotive retail sector.***
+ City of Knox: significant metro municipality with population forecast to grow 15% to 192,407 residents by 2041.****
+ Net Income: $170,187 pa* + GST
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 22 February 2023
Crown Casino, Melbourne VIC
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
** GWS Mazda
***Gapmaps
****Forecast.id
Property Details