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Burgess Rawson - Melbourne

Nissan, 185-195 High Street (Midland Hwy) Bendigo, VIC 3550

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Nissan, 185-195 High Street (Midland Hwy),
Bendigo, VIC 3550

Development Sites & Land • Showrooms & Large Format Retail • Shops & Retail

Price information

Sale - Expression of Interest

Contact Agent

Detailed listing

Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$321,702
Number of Tenants
1 Tenant
Tenants / Type
Nissan

Private inspections

to arrange a private inspection.
Burgess Rawson - Melbourne
Jamie Perlinger
David Napoleone

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Nissan, 185-195 High Street (Midland Hwy)
Bendigo, VIC 3550

Detailed listing

Map of Nissan, 185-195 High Street (Midland Hwy)

Directions
  • Train stations within 5 km of Nissan, 185-195 High Street (Midland Hwy), Bendigo, VIC 3550Distance
    Bendigo Station1.2 km
    Kangaroo Flat3.8 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Nissan, 185-195 High Street (Midland Hwy), Bendigo, VIC 3550Distance
    Violet St/High St (Bendigo)66 m
    Honeysuckle St/High St (Bendigo)146 m
    High St/Myrtle St (Bendigo)260 m
    Girton Grammar/Don St (Bendigo)369 m
    Christian ChurchHigh St379 m
    POWERED BY HERE ©
POWERED BY HERE ©

5,064sqm Trophy Auto Dealership Freehold Investment with Development Upside

  • Significant 5,064sqm* landholding
  • Commercial 1 Zoning
  • Landbank with holding income
Burgess Rawson, together with Buxton Real Estate, are pleased to offer to the market the 185-195 High Street (Midland Hwy), Bendigo VIC for sale via Expressions of Interest.

Investment highlights include:

+ Irreplaceable 5,064 sqm* corner landholding providing 3 street frontages with a combined frontage of 214 metres*
+ Strategic location within the Bendigo automotive precinct which includes Mazda, BMW, JAX Tyres and Auto, Repco & Bob Jane T Mart
+ Premium Commercial 1 zoning allows for a variety of uses including large format retail, office, childcare, service station/convenience, fast food and medical.
+ Modern 1,536sqm* freestanding dealership incorporating showroom, offices, service centre and car wash.
+ Midland Highway (High Street), a major arterial road servicing over 30,000 vehicles per day.**
+ Underpinned by relatively short term lease to well-established and longstanding tenants, Nissan (Poyser Motor Group) providing valuable holding income.
+ Prime gateway location central amongst national retailers including Woolworths, BWS, Coles Express, EG Ampol, KFC, McDonald’s, Hungry Jacks and more.
+ Poyser Motor Group: family owned, multi-franchise dealership, established in 1979, employs 140+ team members and prides itself on its community interactions over the past 35 years.
+ Two year lease to 2025 plus three further two year options through to 2031
+ Annual CPI reviews
+ Landlord-favourable net lease terms with tenant responsible for all usual outgoings excluding Land Tax.
+ Bendigo: Booming residential growth location with a 11.4% increase in median house in the last 12 months.
+ Important commercial and trade centre extending from Echuca to Castlemaine with a trade catchment of 250,000.*
+ 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 with an estimated 56,303 jobs in the area.
+ Potential 50% stamp duty savings.
+ Estimated Net Rent $321,702 pa* + GST (as at December 2024 assuming 3% CPI Review)


For Sale via Expressions of Interest
Closing 4pm AEDT Thursday, 14 November 2024


*Approx

Property ID: 504697832Last Updated: 6 Nov 2024

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