10 Lancaster Road Wangara WA 6065

Burgess Rawson is delighted to offer to the market Wanneroo Isuzu at 10 Lancaster Road, Wangara WA 6065 for sale via Investment Portfolio Auction 170.

+ 12 year lease to 2030 plus options to 2055.
+ Isuzu Ute - Australian new car sales up 28.4% year-on-year. (1)
+ Landlord-favourable net lease, with tenant responsible for all outgoings.
+ Annual CPI + 1% rent reviews.
+ Modern immaculate 924sqm* freestanding dealership incorporating showroom, offices, service centre and car wash.
+ Landmark 2,927sqm* corner freehold site with 112 metre* dual frontage, plus clear visual exposure to 33,000 vehicles passing daily on Wanneroo Road. (2)
+ Booming Car Sales Industry: 97,202 new car sales sold across Australia in April 2024 up 18.3% Year-on-Year. (1)
+ National covenant Autoleague sells over 40,000 cars per year and employs over 1,500 people.
+ Wangara's average number of vehicles per household is 2.06, well above the national average of 1.76. (2)
+ Position perfect within the Wangara dealership precinct, amongst Mazda, Mitsubishi, Toyota, Hyundai, MG, Ford, Nissan, Subara, Volkswagen, Kia, Suzuki plus more.
+ City of Wanneroo: Booming growth location, 18km* north of Perth CBD, with population forecast to grow 63%* to 437,016 by 2041. (3)
+ Net income: $365,857pa* + GST (as at June 2024).

To be sold by Investment Portfolio Auction:
10:30am (AEST) Wednesday 7 August 2024
River Room, Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

WA Office
Brodie Keay 0403 552 809
Chris Carcione 0415 393 082
Richard Giorgi 0468 697 093

Melbourne Office
Raoul Holderhead 0413 860 304
Matthew Wright 0458 290 588

*Approx
1 FCAI
2 GapMaps
3 .id