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Immaculate Automotive Investment | Strategic ‘Golden Mile’ Highway Location

93 Argyle Street, Traralgon VIC

Property Highlights

Entry Level Investment
Leading International Retailer
34,500+ Vehicles Passing Daily
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Description

Burgess Rawson is pleased to offer to the market Jaycar, 93 Argyle Street, Traralgon VIC, for sale via our Investment Portfolio Auction 168.

This investment has the following key highlights:

+ As new Seven (7) year net lease to Jaycar to March 2029.
+ Two (2) further 5 year options to 2039.
+ Jaycar: leading international electronics retailer, with a network of 130+ stores across Australia and New Zealand. (1)
+ Fixed 2.5% annual rent increases, ensuring income growth.
+ Investor preferred net lease terms with tenant responsible for all usual outgoings as per the lease.
+ Modern 531sqm* refurbished retail building incorporating Jaycar’s latest corporate design and layout & and a recent capital-intensive fit-out.
+ High Profile 980sqm* C2Z highway site providing exposure to more than 34,500+ vehicles passing daily. (2)
+ Strategic ‘Golden Mile’ location amongst highly sought-after Large Format Retail (LFR) precinct, including national retailers such as The Good Guys, Harvey Norman, ALDI, Officeworks, Bunnings & Amart.
+ Potential 50% stamp duty saving.
+ Traralgon: retail & commercial capital of the Latrobe Valley servicing a trade catchment of 75,000+ people. (3)
+ Net Income: $77,042 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am AEST Tuesday 14 May 2024
River Room, Crown Casino, Melbourne

* Approx
(1) Jaycar
(2) GapMaps
(3) Latrobe City Council

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Automotive
Land Size
980 SQM
Building Area
531 SQM

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