855-859 Nepean Highway,
Brighton, VIC 3186

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Map of 855-859 Nepean Highway

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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

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

Bus stops within 5 km of 855-859 Nepean Highway, Brighton, VIC 3186	Distance
Gardenvale Station/Nepean Hwy (Brighton)	189 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

SOLD | 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

To obtain further information, 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: 2 Sep 2024