12 Year Net Lease Inc Land Tax | Toyota: Australia’s No. 1 Auto Brand for the Past 27 Years
Description
Burgess Rawson is delighted to offer to the market Midland Toyota at 163-169 Great Eastern Highway, Midland (Bellevue) WA 6056 for sale via Investment Portfolio Auction 172.
The property has the following key highlights:
+ 12 year lease to 2030 plus options to 2055.
+ Toyota – Australia’s No. 1 automotive brand for the past 27 years.
+ Landlord-favourable net lease, with tenant responsible for all outgoings.
+ Annual CPI + 1% rent reviews.
+ Modern immaculate 1,401sqm* freestanding dealership incorporating showroom, offices, and service centre.
+ Massive landmark 4,778sqm* corner freehold site with 83 metre* dual frontage, plus clear visual exposure to 26,000 vehicles passing daily on Great Eastern Highway. (1)
+ Booming Car Sales Industry: 97,202 new car sales sold across Australia in April 2024 up 18.3% Year-on-Year. (2)
+ National covenant Autoleague sells over 40,000 cars per year and employs over 1,500 people.
+ Midland/Midvale’s average number of vehicles per household is 1.9, well above the national average of 1.76. (1)
+ Position perfectly within the Midland dealership precinct, amongst Kia, Suzuki, Hyundai, MG, Nissan, plus more.
+ City of Swan: Booming growth location, 20km* north-east of Perth CBD, with population forecast to grow 88%* by 2055. (3)
+ Net income: $560,070pa* + GST (as at October 2024).
To be sold by Investment Portfolio Auction:
10:30am (AEST) Wednesday 30th October 2024
River Room, Crown Casino, Melbourne
Please contact the exclusively appointed sales team for more information.
WA Office
Brodie Keay 0403 552 809
Chris Carcione 0415 393 082
Richard Giorgi 0468 697 093
Melbourne Office
Raoul Holderhead 0413 860 304
Matthew Wright 0458 290 588
*Approx
1 GapMaps
2 FCAI
3 .id
Enquire
Contact agents
Raoul Holderhead Partner
0413 860 304Matthew Wright Partner
0458 290 588Brodie Keay Head of Agency
0403 552 809Chris Carcione
0415 393 082Enquiry Form
Midland, WA
163-169 Great Eastern Highway
For Sale by Portfolio Auction
This property is part of Portfolio 172
Price: Contact Agent
Contact agents
-
Raoul Holderhead Partner
0413 860 304 -
Matthew Wright Partner
0458 290 588 -
Brodie Keay Head of Agency
0403 552 809 -
Chris Carcione
0415 393 082