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
Retail
Land Size
7,383 SQM
Building Area
4,561 SQM

Contact Agents

Raoul Holderhead

0413 860 304

Contact Me

Scott Meighan

0413 830 709

Billy Holderhead

0422 817 696

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