839 Doncaster Rd, Doncaster, Vic 3108

JLL Retail Investments, acting under instruction from Advise Transact, is delighted to present for Sale 839 Doncaster Road, Doncaster. An unprecedented opportunity to become the landlord of an established car dealership, and gain exposure to an exceptional tenant covenant in Penske Automotive Group.


Key Property Highlights:

+ Purpose built, state-of-the-art dealership constructed in 2015

+ Affluent eastern suburbs locations, less than 25 minutes to the Melbourne CBD

+ Long-term 12-year lease to Fortune 500 covenant – Penske Automotive Group (NYSE:PAG)

+ Highly desirable annual rental increases providing guaranteed net income growth

+ NET Lease structure with the tenant responsible for all usual outgoings, including Land Tax (increase over base year)

+ Situated on a major Commercial 1 Zoned (C1Z) landholding underpinning long-term development potential and within one of Melbourne’s most tightly held commercial land precincts

+ Multi-level dealership featuring large sales-showroom, service centre, office, and rooftop deck carparking providing strong Landlord depreciation benefits

+ Current passing rental of $1,310,000 p.a. + GST

 
839 Doncaster Road, Doncaster is for sale by Expressions of Interest, closing on Thursday 25th July 2024 at 3:00pm (AEST)


To obtain further information or to arrange an inspection, 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