Highway Automotive Dealership – (Peter Stevens) Established 1972
615 Creswick Road (Midland Hwy) , Ballarat VIC
Property Highlights
Brand New 10 + 10 Year Lease to 2039
$5M Refurbishment in 2017
Strong & Certain Rental Growth
Description
+ Brand new 10 + 10 year lease to 2039
+ $5m refurbishment in 2017
+ Huge 7,383 sqm Mixed Use site with 245 m triple street frontage
+ Lessee pays all usual outgoings as per the lease
+ Peter Stevens Motorworld – proven auto business since 1972 now including Nissan, Hyundai, MG and RAM dealerships
+ As new, immaculate building totalling 4,561 sqm
+ Strong and certain rental growth
+ One of Ballarat’s busiest intersections opposite BP, Caltex, Carl’s Jr and Subway
+ 31,400+ vehicles passing daily
+ Significant taxation saving depreciation
+ Income: $540,000 pa + GST
For Sale by Auction
11am Wednesday 11 December 2019
Crown Casino, River Room, Melbourne
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Automotive
Land Size
7,383 SQM
Building Area
4,561 SQM