High Profile Established Car Dealership of 50 Years – Dual Main Road Frontages

66-72 Windsor Parade, Dubbo NSW

Property Highlights

New five year lease from 1 Nov 2021
Annual increases 3% or CPI
Lessee pays 100% of outgoings
Register to Bid

Description

Burgess Rawson are delighted to offer exclusively for Sale by Auction this superb investment leased to institutional brand Clancy Automotive Dubbo encompassing Ford, VW, Subaru and Jaguar/Land Rover dealerships and is a subsidiary of AutoPact Group.

The dealership has been in the current locations for over 25 years and has been established for approximately 50 years. It is prominently located with major road exposure with dual road access and substantial land holding zoned B6 Enterprise Corridor Zone providing substantial future development opportunity within close proximity to the Orana Mall Shopping Centre and CBD.

A major capital expenditure ($2,000,000), budget is being finalised with Ford and Subaru to upgrade the dealership to allow for the growth in dealer brands to be offered to the Dubbo community and surrounding region. There are 3 distinct and separated showrooms 2 of which are less than 7 years old. Already included is substantial Solar on the roof.

Clancy Automotive Dubbo is part of AutoPact Group, one of Australia’s biggest auto dealership groups, having 26 dealerships along the eastern seaboard which represent 33 of the top car brands in Australia selling in excess of 26,000 vehicles with a turnover of $1.3 Billion in 2021 financial year. The brand covers premium, luxury and commercial vehicle categories and also offer a range of services, including new and used vehicle sales, service, parts as well as vehicle finance and insurance. They are also a PPG Industries distributor of paints, coatings, and specialty materials. (plus Holden Service Centre)

The subject property is located in the NSW regional city of Dubbo, approximately 400km north-west of Sydney. The city has a population of approximately 40,000 and services the ‘Orana Region’ with an estimated population of 120,000. The city is located on the intersection of the major inland transport hubs of the Newell & Mitchell Highways, with in excess of 2,500 truck movements per day. It is also home to the Taronga Western plains Zoo, a major international tourist venue attracting to 300,000 visitors per annum.

This exceptional asset provides a long-term investment for any keen investor.

Highlights Include:

+ New five year lease from 1 November 2021 (Potential to be ten years with major capital expenditure of approx. $2,000,000 planned for completion in 2021 with new Ford and Subaru dealerships)
+ Lessee pays 100% of outgoings including land tax
+ Annual increases – 3% or CPI, whichever is the greater
+ 26 dealerships along the eastern seaboard represent 33 of the top car brands with over $1.3billion in sales for 2021 FY
+ Showroom & offices with total building area of 3,212sqm
+ Land area approximately 14,392sqm
+ Dual main road frontages
+ Substantial Solar plant on rooftop
+ Dealerships in current locations over 25 years

Annual Net rent – $786,730 plus GST

For further information or to arrange an inspection subject to current NSW health regulations please contact Steve Burke on 0428 434 464 or Darren Beehag 0411 226 223.

Property Details

Listing
Sale
Occupancy Type
Retail
Land Size
14,392 SQM
Building Area
3,212 SQM

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