Burgess Rawson and McKean McGregor are pleased to offer to the market 169-171 High Street, Bendigo for sale via Auction Investment Portfolio 172.
The property has the following key investment highlights:
+ Renewed Five (5) year lease to JAX Tyres & Auto to December 2028 with Three (3) further Five (5) year options to 2043.
+ Desirable annual CPI reviews.
+ Landlord-favourable net lease terms with tenant responsible for all usual outgoings excluding Land Tax.
+ JAX Tyres & Auto: A subsidiary of Hankook, leader in the automotive industry, with over 90 sites nationally, employing over 1,000+ people and servicing more than
700,000 customers every year.(1)
+ Hankook (KRX:161390): 7th ranked in tire sales globally, employing 22,000* people across all businesses and operating in 160+ countries with a market capitalisation
of $5.93 Billion (AUD).(2)
+ Impressive and well presented 774 sqm* building with dual roller door access offering flexibility.
+ Prime 1,035 sqm* Midland Highway freehold site with 21m frontage and 30,000+ vehicles passing daily.(3)
+ Premium Commercial 1 Zone (C1Z) offering future flexibility.
+ Bendigo: Booming residential growth location with a 11.4% increase in median house in the last 12 months.(4)
+ City of Greater Bendigo: Victoria's largest inland city with population forecast to grow to over 172,239 by 2046 and currently generates $20.6 billion in annual
economic output(5) with an estimated 56,303 jobs in the area.(6)
+ Potential 50% stamp duty savings.
+ Estimated net rent: $119,070 pa* + GST (as at December 2024 assuming 3% CPI Reviews)
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 30 October 2024
River Room - Crown Casino, Melbourne
1 JAX Tyres & Auto
2 Hankook
3 Gapmaps
4 ***
5 Forecast.id
6 Remplan
