166 Leach Highway Myaree WA 6154

Burgess Rawson is delighted to offer to the market Melville LDV at 166 Leach Highway, Myaree WA 6154 for sale via Investment Portfolio Auction P174.

The property has the following key highlights:

+ 12 year lease to 2030 plus options to 2055.
+ LDV: a SAIC Motor, Fortune Global 500 public company.
+ Landlord-favourable net lease, with tenant responsible for all outgoings.
+ Annual CPI + 1% rent reviews.
+ Immaculate 1,241sqm* of freestanding dealership incorporating showroom, office and workshop.
+ Landmark 3,641sqm* freehold site with frontage and clear visual exposure to 58,000 vehicles passing daily on Leach Highway. (1)
+ Booming Car Sales Industry: 97,202 new car sales sold across Australia in April 2024 up 18.3% Year-on-Year. (2)
+ Melville/Myaree's average number of vehicles per household is 1.9, well above the national average of 1.76. (1)
+ Strategically located within the Melville dealership precinct amongst BWM, Mitsubishi, Toyota, Volkswagen, Hyundai and more.
+ City of Melville: Well established residential and commercial precinct, 15km* from the Perth CBD with population forecast to grow 13.45% by 2046. (3)
+ Net income: $321,670pa* + GST

To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 19 February 2025
Crown Casino, River Room, 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 GapMaps
2 FCAI
3 .id