Immaculate JAX Tyres & Auto Investment – New 7 Year Net Lease to 2031

77 Bentinck Street , Bathurst NSW

Property Highlights

Brand New 7 Year Lease to 2031
Fixed 3.5% Annual Increases
Net Income $150,000 pa* + GST
Register to Bid

Description

Burgess Rawson is pleased to offer to market the Jax Tyres & Auto at 77 Bentinck Street, Bathurst NSW for sale via our Investment Auction Portfolio 167.

The property has the following investment highlights:

+ Brand new 7 year lease to 2031 plus options to 2041
+ JAX Tyres & Auto: wholly owned entity of Hankook Tire (KRX Listed) market cap of over $7.68b**
+ Fixed 3.5% compounding annual increases ensuring guaranteed rental growth
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance, land tax and management (capped at 3%) as per the lease
+ High profile 1,088sqm* corner landholding with new substantial tenant fitout
+ Strategic position next to major Woolworths anchored Bathurst City Centre shopping centre and in close proximity to other major brands including Mitre 10, Aldi, Commonwealth Bank & Tradelink
+ Bathurst: thriving inland city and renowned motorsport mecca, home to Mt Panorama and Bathurst 1000 – higher proportion of household spending on tyres & vehicle servicing than the state average
+ Central West: thriving region with 182,000+ people, set to experience significant growth^
+ Net Income $150,000 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House

Bidder registration required, register here: www.portfolioauctions.com.au

Please contact the exclusively appointed sales team for more information.

*Approx
**KRX: As of 27/02/2024 converted to AUD (approx)
^dataau.com.au

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
1,088 SQM
Building Area
1 SQM

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