839 Doncaster Rd Doncaster VIC 3108

JLL Retail Investments, acting under instruction from Advise Transact, is delighted to present for Sale 839 Doncaster Road, Doncaster . An unprecedented opportunity to become the landlord of an established car dealership, and gain exposure to an exceptional tenant covenant in Penske Automotive Group.

Key Property Highlights:

+ Purpose built, state-of-the-art dealership constructed in 2015
+ Affluent eastern suburbs locations, less than 25 minutes to the Melbourne CBD
+ Long-term 12-year lease to Fortune 500 covenant Penske Automotive Group (NYSE:PAG)
+ Highly desirable annual rental increases providing guaranteed net income growth
+ NET Lease structure with the tenant responsible for all usual outgoings, including Land Tax (increase over base year)
+ Situated on a major Commercial 1 Zoned (C1Z) landholding underpinning long-term development potential and within one of Melbourne's most tightly held commercial land precincts
+ Multi-level dealership featuring large sales-showroom, service centre, office, and rooftop deck carparking providing strong Landlord depreciation benefits
+ Current passing rental of $1,310,000 p.a. + GST

839 Doncaster Road, Doncaster is for sale by Expressions of Interest, closing on Thursday 25 th  July 2024 at 3:00pm (AEST)

To obtain further information or to arrange an inspection, please contact the agents below:

Stuart Taylor | +61 428 000 000
Tom Noonan | +61 402 319 698
Jarrod Herscu | +61 418 155 062
Mingxuan Li | +61 498 688 998

Long-term 12-year lease to global listed entity
High profile Commercial 1 Zoned site in Melbourne's affluent eastern suburbs
Desirable annual rental increases providing guaranteed future income growth