Burgess Rawson and McKean McGregor are pleased to offer to the market 169-171 High Street, Bendigo for sale via Auction Investment Portfolio 172. The property has the following key investment highlights: + Renewed Five (5) year lease to JAX Tyres & Auto to December 2028 with Three (3) further Five (5) year options to 2043. + Desirable annual CPI reviews. + Landlord-favourable net lease terms with tenant responsible for all usual outgoings excluding Land Tax. + JAX Tyres & Auto: A subsidiary of Hankook, leader in the automotive industry, with over 90 sites nationally, employing over 1,000+ people and servicing more than 700,000 customers every year.(1) + Hankook (KRX:161390): 7th ranked in tire sales globally, employing 22,000* people across all businesses and operating in 160+ countries with a market capitalisation of $5.93 Billion (AUD).(2) + Impressive and well presented 774 sqm* building with dual roller door access offering flexibility. + Prime 1,035 sqm* Midland Highway freehold site with 21m frontage and 30,000+ vehicles passing daily.(3) + Premium Commercial 1 Zone (C1Z) offering future flexibility. + Bendigo: Booming residential growth location with a 11.4% increase in median house in the last 12 months.(4) + City of Greater Bendigo: Victoria’s largest inland city with population forecast to grow to over 172,239 by 2046 and currently generates $20.6 billion in annual economic output(5) with an estimated 56,303 jobs in the area.(6) + Potential 50% stamp duty savings. + Estimated net rent: $119,070 pa* + GST (as at December 2024 assuming 3% CPI Reviews) For Sale by Investment Portfolio Auction 10:30am AEDT Wednesday 30 October 2024 River Room - Crown Casino, Melbourne 1 JAX Tyres & Auto 2 Hankook 3 Gapmaps 4 realestate.com.au 5 Forecast.id 6 Remplan
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street, Melbourne, Vic
McKean McGregor Real Estate - Bendigo
174 STRICKLAND ROAD, Strathdale, Vic
Propriedade ID: 504697908