124-138 York Street,
Sale, VIC 3850
Shops & Retail • Showrooms & Large Format Retail • Offices
Price information
Sold
$3,700,000
Key property information
Land area
Floor area
Zoning
Tenure type
Sold on
Map of 124-138 York Street
Driven Corner Investment on National A1 Highway- Sale's Hyundai, LDV, Renault & Ford Dealership Network
Ray White Commercial proudly presents this prime corner car dealership network within the heart of Sale. Sale Motor Group has been in occupation since 2010 with a recently renewed 5 year lease plus further terms making this a sound investment with future development potential.
The property boasts the following:
• Land area | 6,229m2 approximately
• Building area | 1,450m2 approximately
• High profile Hyundai, LDV, Ford and Renault showroom
• Thriving industry: New car sales are up 34% in last 6 months (source FCAI)
• Service centre and hardstand area
• Favourable zoning | Mixed use with low site coverage
• Return | $240,000 pa net
• Lease 5 years (renewed 1/10/21)
• Annual 3% increases
• Security deposit and personal guarantees under the lease
• Stamp Duty concession of 50% available
The property boasts the following:
• Land area | 6,229m2 approximately
• Building area | 1,450m2 approximately
• High profile Hyundai, LDV, Ford and Renault showroom
• Thriving industry: New car sales are up 34% in last 6 months (source FCAI)
• Service centre and hardstand area
• Favourable zoning | Mixed use with low site coverage
• Return | $240,000 pa net
• Lease 5 years (renewed 1/10/21)
• Annual 3% increases
• Security deposit and personal guarantees under the lease
• Stamp Duty concession of 50% available
Additional information
External websites
Property ID: 503959290Last Updated: 22 Mar 2022
RWC - Diston Asset Services
117 Canterbury RoadHEATHMONT, VIC 3135
04393655...
124-138 York Street
Sale, VIC 3850
RWC - Diston Asset Services117 Canterbury Road
HEATHMONT, VIC 3135
HEATHMONT, VIC 3135
