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855-859 Nepean Highway,
Brighton, VIC 3186
Shops & Retail
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Sale - Expression of Interest closing Wed 31 Jul
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JLL - Melbourne
Level 33, 101 Collins StreetMELBOURNE, VIC 3000
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855-859 Nepean Highway
Brighton, VIC 3186
Map of 855-859 Nepean Highway
Train stations within 5 km of 855-859 Nepean Highway, Brighton, VIC 3186 Distance Gardenvale Station 205 m North Brighton Station 1.1 km Elsternwick Station 1.2 km Ripponlea Station 2.2 km Middle Brighton Station 2.3 km POWERED BY HERE ©Tram stops within 5 km of 855-859 Nepean Highway, Brighton, VIC 3186 Distance 46-Orrong Rd/Glenhuntly Rd (Elsternwick) 1.1 km 45-Elsternwick Shopping Centre/Glenhuntly Rd (Elsternwick) 1.2 km 47-Shoobra Rd/Glenhuntly Rd (Elsternwick) 1.2 km 44-Elsternwick Railway Station/Glenhuntly Rd (Elsternwick) 1.2 km 48-Parkside St/Glenhuntly Rd (Elsternwick) 1.3 km POWERED BY HERE ©Bus stops within 5 km of 855-859 Nepean Highway, Brighton, VIC 3186 Distance Gardenvale Station/Nepean Hwy (Brighton) 186 m Cochrane St/Martin St (Brighton) 408 m Downshire Rd/Riddell Pde (Elsternwick) 424 m Orrong Rd/Riddell Pde (Elsternwick) 452 m Begonia Rd/Gardenvale Rd (Gardenvale) 461 m POWERED BY HERE ©
POWERED BY HERE ©
The Freehold Interest in One Of Australia's Premiere Luxury Car Dealerships For Sale
- 12-year lease to global listed entity
- Located in Melbourne's Bayside suburbs
- Desirable annual rental increases
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
855-859 Nepean Highway, Brighton is for sale by Expressions of Interest, closing on Thursday 31st 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 0...
Tom Noonan | +61 402 319 6...
Jarrod Herscu | +61 418 155 0...
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: Mingxuan.Li@jll.com, 或微信ID: Mingxuanli777
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
855-859 Nepean Highway, Brighton is for sale by Expressions of Interest, closing on Thursday 31st 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 0...
Tom Noonan | +61 402 319 6...
Jarrod Herscu | +61 418 155 0...
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: Mingxuan.Li@jll.com, 或微信ID: Mingxuanli777
Property ID: 504625044Last Updated: 4 Jul 2024
JLL - MelbourneLevel 33, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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