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RWC  - Diston Asset Services

124-138 York Street Sale, VIC 3850

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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

Directions

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

Additional information

Property ID: 503959290Last Updated: 22 Mar 2022

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RWC - Diston Asset Services

117 Canterbury Road
HEATHMONT, VIC 3135
04393655...
RWC  - Diston Asset Services
124-138 York Street
Sale, VIC 3850
RWC - Diston Asset Services
117 Canterbury Road
HEATHMONT, VIC 3135

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