'Multi Franchise Retail Investment, Brand-new Mazda Showroom, Nikkei 225 listed parent company Optimus Global Co,.
Next Commercial is delighted to offer For Sale - 59-71 Victoria Street, Dubbo.
Secured by AutoPact - one of Australia's largest private motor vehicle retailers - operating 28 independent sites across the eastern states of Australia which is controlled by Optimus Group Co., one of Japan's largest wholesalers of motor vehicles globally and Nikkei 225 listed.
Triple Net Lease with tenant responsible for outgoings, repairs, maintenance, and building improvements.
Outstanding 12,251 sqm* developed site located on the western perimeter of Dubbo CBD. Surrounding neighbours are national retailers Ozcar, Yamaha, IGA, Battery World, AVIS, The Bottle’O, and Red Dirt Camping.
Investment Highlights:
+ Renewed 5-year Triple Net lease commencing October 2021, plus 3 x 5-year options to 2039
+ 3 modern motor vehicle showrooms totalling 3,478sqm NLA*.
+ Encompassing 12,251sqm* hardstand promoting 150m* frontage to Victoria Street
+ Lessee pays all statutory outgoings, repairs, maintenance, and building improvements
+ Annual rental increases greater of CPI or 3%. (ratchet clause applies at option review)
+ Annual net income $689,791.68 (+GST)*
For Sale by Private Negotiation
(*approximate)
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