SOLD

+ Renewed 5 Year Lease to Blue-Chip lease covenant, Automotive Brands Group, a wholly owned subsidiary of Bapcor Ltd. – current market cap $1.8B (Jan 2020)
+ Proven auto retail position – tenant on-site circa 30 years
+ Autobarn: 135+ stores across Australia
+ Bapcor: Australia’s leading provider of automotive aftermarket parts, accessories, equipment and services with highly identifiable brands including AutObarn, ABS, Midas and Burson Auto Parts
+ 5 year head office lease to November 2024 plus options to 2034
+ Lessee pays all usual outgoings as per the lease
+ Annual rent reviews
+ High Profile 1,000sqm building including two bay workshop and rear lane access
+ Strategic 1,474sqm zoned Activity Centre providing flexible future development potential
+ Extensive street frontage of 30 metres to Wyndham Street (Goulburn Valley Highway) with exposure to 28,000+ vehicles passing the site daily (Source: VicRoads)
+ Shepparton: major regional city servicing North Central Victoria with a catchment of 100,000+, only 2 hours drive from Melbourne
+ Estimated Net Rent: $139,085pa

For Sale by Auction
11 am Wednesday 26 February 2020
Crown Casino, Melbourne