Long 15 Year Triple Net Lease to Long-Established & Award-Winning Dealership

Description

Burgess Rawson is pleased to offer to the market Sunbury Ford, 101-107 Horne Street, Sunbury VIC for sale via our Investment Portfolio Auction 169.

+ Long Fifteen (15) year lease to 2036 plus options to 2051.
+ Sunbury Ford: long established and award-winning dealership servicing large catchment.
+ Ford Australia new car sales up 71.3% year-on-year. (1)
+ Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building & public liability insurance and land tax.
+ Tenant also responsible for all structural maintenance, repairs and replacement.
+ Certain income growth with fixed 2.5% annual rent increases.
+ Immaculate 1,624sqm* freestanding dealership incorporating showroom, offices, service centre and car wash.
+ Recent $2.8 million tenant funded upgrade (2021) offering significant tax saving depreciation benefits.
+ Landmark 4,687sqm* freehold landholding with important 78 metre* frontage and exposure 20,000+ vehicles passing daily. (2)
+ Booming Car Sales Industry: 97,202 new car sales sold across Australia in April 2024 up 18.3% Year-on-Year. (1)
+ Sunbury’s average number of vehicles per household is 1.91, well above the national average of 1.75. (2)
+ within 1km* of 2 x Woolworths, Coles, Bunnings, Big W, Target, The Good Guys, 2 x McDonald’s and 2 x KFC.
+ Sunbury: booming growth location, 34km* north of Melbourne CBD with population forecast to grow 138% to 101,065 by 2041. (3)
+ Hume City Council: one of Australia’s fastest-growing communities with a GRP of $18.28 billion. (3)
+ Net Income: $538,445pa* + GST (as at 1 September 2024)

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 26 June 2024
Level 2, Conference Hall, Crown Promenade, Melbourne

*Approx
1. FCAI
2. GapMaps
3. .id

Enquire

Contact agents
Beau Coulter Partner
0413 839 898
Jamie Perlinger Head of Agency | Partner
0413 860 315
Zomart He 何梓轩 Partner
0488 220 830
Enquiry Form

Sunbury, VIC

101-107 Horne Street

For Sale by Portfolio Auction
Wednesday 26th June 10:30AM Crown Casino - Melbourne

This property is part of Portfolio 169

Price: Contact Agent

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