94-100 Wheelers Lane, Dubbo, NSW 2830
Retail Shop, Other, Office Suite
50
High Profile Retail Investment
AUCTION - TUESDAY 30TH AUGUST
94-100 Wheelers Lane, Dubbo NSW
• Renewed 5 year lease with options to 2036
• Neighbouring Orana Mall Shopping Centre
• Triple net lease $703,200 (+GST)*
Blowes Real Estate in conjunction with Next Commercial is delighted to offer to market 94-100 Wheelers Lane, Dubbo for sale by Public Auction.
Secured by AutoPact - one of Australia's largest private motor vehicle retailers - operating 26 independent sites across the eastern states of Australia.
Triple net lease with tenant responsible for outgoings, repairs, maintenance, and building improvements.
Enormous 14,392sqm developed site located on the northern perimeter of Orana Mall Shopping Centre. Orana Mall is the premier shopping centre in the Western Plains District.
Investment Highlights:
+ Renewed 5-year Triple Net Lease commencing 31 October 2021 plus 2 x 5-year options to 2036
+ Modern 3,235sqm* motor vehicle showrooms & fully automated service centre
+ 14,392sqm* developed site fronting both Wheelers Land & Windsor Parade
+ Lessee pays all statutory outgoings, repairs, maintenance, and building improvements
+ Annual rental increases greater of CPI or 3%. (Ratchet clause applies at option review)
+ Annual nett income $703,200 (+GST)*
For Sale by Public Auction
Auction Details:
Tuesday 30 August 2022
10.30am (AEST)
AuctionWorks - 50 Margaret St, Sydney
For further information and inspections, please contact the exclusive selling agents:
Gary Blowes 0418 635 248
gary@blowesre.com.au
David McClatchey 0402 445 499
david.mcclatchey@nextcommercial.com.au
Richard Ellis 0416 072 444
richard.ellis@nextcommercial.com.au
* (approximate)
| Property: | Retail Shop
Other
Office Suite |
| Parking: | 50 |
| Land Size: | 14392 Sqm |
| Total Building Area: | 3235m² |
| Council: | Dubbo |
Open for Inspection Times:
Property Features:
- Renewed 5 year lease with options to 2036
- Neighbouring Orana Mall Shopping Centre
- Triple net lease $703,200 (+GST)*
Recent Sales in the Suburb of Dubbo
Every precaution has been taken to establish accuracy of the information but does not constitute any representation by the vendor or real estate agent. You should make your own enquiries as to its accuracy.