CBRE is pleased to offer to the market 230 Kelly Street, Scone (Upper Hunter) NSW, a prime freehold automotive investment leased to Wideland Automotive Group, for sale via for sale via Private Treaty. The property has the following key investment highlights:
+ 5 year net lease to 2027 with three (3) further five (5) year options to 2042
+ Wideland Automotive Group: one of the largest privately-owned dealership groups in NSW & QLD with operations across passenger, commercial and agricultural vehicles
+ Branded Scone Toyota & Isuzu UTE, representing 4 of the top 5 best-selling new vehicles in NSW
+ Fixed 3% annual increases, providing compounding rental growth
+ Prominent 2,392sqm* CBD corner freehold site and over 200m* combined dual street frontage to Kelly Street and Main Street
+ Substantial 715sqm* facility (built 2018) including showroom, workshop, wash bay and expansive display yard
+ Tenant pays 100% of outgoings as per lease, including council rates, insurance, management, repairs & maintenance and land tax
+ High exposure CBD site benefitting from strong regional growth and infrastructure investment, including the $24.7 million Scone CBD Revitalisation Project and $15.5 million Regional Airport upgrade
+ Located in the heart of the Upper Hunter, a thriving agricultural and resources hub with strong demand for private vehicle ownership
+ Upper Hunter Shire: located 153km* from Newcastle CBD and 303km* from Sydney CBD
+ Net Income: $347,782 pa* + GST To be sold via Private treaty Please contact the exclusively appointed sales team for more information..
*Approx.