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10 Stockland Drive
Kelso NSW 2795
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Sold on 6 Aug 2024

10 Stockland Drive Kelso NSW 2795

  • Showrooms / Bulky Goods
  • 1,958 m²
  • Sold

Immaculate Autobarn Large Format Retail Investment | Recent 7 Year Lease to 2029 + Options

    Burgess Rawson is pleased to offer to the market 10 Stockland Drive, Kelso (Bathurst) NSW for sale via our Investment Auction Portfolio 170.

    This investment has the following key investment highlights:

    + Recent 7 year lease to 2029 plus options to 2039
    + State-of-the-art recently built large format retail store situated on a key 1,958sqm* corner freehold landholding with 93m* of combined frontage
    + Attractive net lease structure Autobarn responsible for 100% of outgoings including land tax, property management and R & Ms, as per the lease
    + Autobarn: Owned by Bapcor (ASX: BAP), over 1,000 stores including AutoPro, Midas, Burson and ABS Brakes.
    + Modern construction completed in December 2021, providing significant depreciation benefits
    + Strategic large format retail position, neighbouring Bunnings Warehouse, The Good Guys, Officeworks and Ampol
    + Fixed 2.5% annual rent increases ensuring long term compounding income growth
    + Easily managed single tenant investment in growth area with tenant paying management fees
    + Key location off the Great Western Highway with 11,905 vehicles passing daily, positioned before the booming Bathurst CBD
    + Bathurst: thriving inland city and renowned motorsport mecca, home to Mount Panorama and Bathurst 1000 - higher proportion of household spending on tyres & vehicle servicing than the state average
    + Central West: thriving NSW inland region with 181,500+ people, set to experience significant growth
    + Net Income: $231,138 pa + GST

    To be sold by Investment Portfolio Auction
    10:30am AEST Tuesday 6 August 2024
    Yallamundi Rooms, Sydney Opera House

    Please contact the exclusively appointed sales team for more information

    AUCTION

    Auction date and time06/08/2024 10:30
    Auction locationYallamundi Rooms, Sydney Opera House
    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold6 Aug 2024
    Floor AreaAsk Agent
    Land Area1,958 m²
    ParkingAsk Agent
    Property ID2019358181
    Category
    Last updated  11 Aug 2024
    Map for 10 Stockland Drive Kelso NSW 2795

    Nearest transport* to 10 Stockland Drive Kelso NSW 2795

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    Burgess Rawson Sydney
    Burgess Rawson Sydney
    Level 11.02, 9 Castlereagh Street
    Sydney, NSW 2000

    Property Highlights

    Date Sold6 Aug 2024
    Floor AreaAsk Agent
    Land Area1,958 m²
    ParkingAsk Agent
    Property ID2019358181
    Category
    Last updated  11 Aug 2024

    Co-Agents

    Rhys Parker
    Burgess Rawson Sydney
    Call
    0451 101 042
    Kieran Bourke
    Burgess Rawson Sydney
    Call
    0417 418 007
    Zomart He 何梓轩
    Burgess Rawson VIC Pty Ltd
    Call
    0488 220 830

    More about 10 Stockland Drive Kelso NSW 2795

    10 Stockland Drive Kelso NSW 2795 is categorized as Showroom & Bulky Goods Property. It has a land area of 1,958 m². The listing ID for this property is 2019358181.

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