JLL Retail Investments, acting under instruction from Advise Transact, is delighted to present for Sale 855-859 Nepean Highway, Brighton. An unprecedented opportunity to become the landlord of an established car dealership, and gain exposure to an exceptional tenant covenant in Penske Automotive Group (NYSE: PAG). Key Property Highlights: + Purpose built, state-of-the-art dealership, which recently underwent major expansion and refurbishment in 2019 + Located in one of Melbourne’s most affluent and expensive Bayside suburbs + Long-term 12-year lease to Fortune 500 covenant – Penske Automotive Group (NYSE:PAG) + NET Lease structure with the tenant responsible for all usual outgoings, including Land Tax (increase over base year) + Highly desirable annual rental increases providing guaranteed net income growth + Situated on a 4,049sqm* Commercial 2 Zoned (C2Z) corner landholding with a combined 133m of prime retail frontage providing exceptional exposure + Located on the major arterial roadway, Nepean Highway, widely regarded as the ‘Golden Mile of Cars’ with exposure to over 64,000 daily passing vehicles + Current passing rental of $1,430,000 p.a. + GST To obtain further information, please contact the agents below: Stuart Taylor | +61 428 000 000 Tom Noonan | +61 402 319 698 Jarrod Herscu | +61 418 155 062 Mingxuan Li | +61 498 688 998 中文普通话咨询物业详情,请联系Mingxuan Li李名轩。 手机: 0498 688 998, 电子邮件: [email protected], 或微信ID: Mingxuanli777
電子郵件諮詢至 JLL - Melbourne