Secure Head Office Lease to Goodyear Autocare (NYSE:GT)

Burgess Rawson and Nutrien Harcourts are pleased to offer to the market, Goodyear Autocare, Leongatha VIC for sale via our Investment Auction Portfolio 160.

The property has the following investment highlights:

+ Secure 5-year head office lease to January 2026 plus options to 2032.
+ Goodyear Autocare: wholly owned subsidiary of Goodyear Tyre and Rubber Company (NYSE:GT), operating over 140 sites nationally. (1)
+ Goodyear Tyre and Rubber Company (NYSE:GT): one of the world’s leading tyre companies with annual sales in excess of $15 billion. (1)
+ Investor preferred net lease terms with Goodyear Autocare paying all usual outgoings incl land tax.
+ Fixed 3% annual rent increases assuring growth.
+ Low rent per/sqm providing for significant future rental uplift.
+ Proven auto retail position with tyre service centres operating on site for over 55 years.
+ 370sqm* freestanding building incorporating showroom, offices and servicing plus canopy.
+ Prime 1,743sqm* freehold corner landholding with combined 79 metre* dual frontage and exposure.
+ High profile South Gippsland Hwy position, major thoroughfare connecting Melbourne to Wilsons Prom.
+ Amongst McDonalds, KFC, Subway, BP, Ampol, United, Autopro and IGA Liquor.
+ Strategically positioned less than 150 metres from the Leongatha CBD.
+ Booming regional centre with Leongatha house prices up 20.5% over past 24 months. (1)
+ First time offered in over 35 years.
+ Potential 50% stamp duty saving.
+ Leongatha: capital township of South Gippsland, rich dairy region, circa 15,000 trade catchment.
+ Net Income: $38,839pa* + GST

To be sold by Investment Portfolio Auction
10:30am (AEST) Wednesday 10 May 2023
Crown Casino, Melbourne

*Approx
1. Goodyear
1. Realestate.com.au