New 5 Year Lease + Options to ASX Tenant in Prime Location
7/14 Stockland Drive , Kelso NSW
Autobarn + Bapcor
Next to Officeworks & Bunnings
2.5% pa rent increases
Auction 11am AEDT Tuesday 23 October 2018, Sydney
New 5 year lease until 2023 + options to 2033
Autobarn: Australia’s leading provider of aftermarket autoparts with 132 outlets nationwide
Key subsidiary of Bapcor: $2 billion ASX listed (ASX:BAP) market leader in automotive parts, accessories, automotive equipment and services.
Strong location facing Great Western Highway adjacent to a recently expanded Bunnings as well as Officeworks, Good Guys and many other national brands
Kelso: Bathurst’s major growth centre in both population and bulky goods, substantial recent infrastructure investment.
Bathurst: strong resident population of 42,231, generating GRP of $1.97 billion; population expected to swell by 25% (10,000+ residents) by 2036
Substantial 541 sqm building area
Easily managed single tenant investment
Annual 2.5% annual rent increases
Net Income: $93,360 pa + GST