Immaculate JAX Tyres & Auto – New 7 Year Lease to 2026
98-100 Koroit Street , Warrnambool VIC
Property Highlights
Description
+ 7 year lease to January 2026 plus options to 2036
+ JAX Tyres & Auto: wholly owned entity of Hankook Tire (KRX Listed) with a market cap of over $7 Billion
+ Annual rent reviews and market review at option
+ Extensive capital intensive refurbishment in 2019 with branding upgraded in 2021
+ 483sqm freehold title with 23 metre frontage and exposure
+ Commercial 1 zoning suits premium retail
+ Strategic position central to Warrnambool’s CBD and automotive precinct
+ Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) with a growing trade catchment area of 100,000
+ Net Income: $81,934 pa + GST (Feb 2022)
For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne
Property Details