98-100 Canterbury Road Kilsyth South VIC 3137

Burgess Rawson is pleased to offer to the market the Bridgestone located at 98-100 Canterbury Road VIC for sale via our Investment Auction Portfolio 171.

This opportunity has the following key investment highlights:

+ Five (5) year head office lease to Bridgestone Corporation to December 2027
+ One (1) further five (5) year option to December 2032
+ Bridgestone Corporation: Australia's largest tyre retailer with 340+ stores nationally, market cap of AUD $42.6 billion & wholly owned subsidiary of Tokyo listed Bridgestone Corporation
+ Landlord favourable annual CPI reviews
+ Highly desirable net lease terms with the tenant paying all usual outgoings as per lease including repairs & maintenance
+ Substantial 3,142sqm* Industrial 1' zoned site with ample onsite parking and circa 900sqm* of concrete rear hardstand
+ Well-maintained 659sqm* industrial facility with dual access points and ample on-site parking provided
+ High-profile landholding with 45m* of direct frontage to Canterbury Road, a major arterial roadway with over 38,000* passing vehicles daily
+ Unrivalled location within a significant industrial & commercial precinct with three major retail centres within a 3km* radius including Kilsyth Shopping Centre, Churinga Village Shopping Centre & Canterbury Gardens Shopping Centre
+ Prominently positioned within a key commercial precinct, centrally located between national brands McDonald's & Red Rooster's and within immediate proximity of major retailers Woolworths, Bunnings, Total Tools, 7-Eleven & United Petroleum
+ City of Maroondah: thriving economy with a GRP of $6.14 billion and a population forecast to exceed 140,000 residents by 2041^
+ Net Income: $137,315 pa* + GST (Increasing in December 2024 to $143,156 pa* + GST)

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 18 September 2024
The Crown Casino, Melbourne

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.