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Highway Automotive Dealership - (Peter Stevens) Establish...

615 Creswick Road (Midland Hwy), BALLARAT CENTRAL VIC, 3350

Sold

Property Sold in 615 Creswick Road (Midland Hwy), BALLARAT CENTRAL VIC, 3350

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11369003
Status:
Sold
Price:
Price on request
Last Updated:
05/02/2020
Icon building

Property Type

Retail/Showrooms/Bulky Goods/Industrial/Warehouse
Icon square

Land Area

7370 SQM
Icon size

Floor Area

4561 SQM
Icon parking

Parking

N/A

Highway Automotive Dealership - (Peter Stevens) Established 1972

+ Brand new 10 + 10 year lease to 2039
+ $5m refurbishment in 2017
+ Huge 7,383 sqm Mixed Use site with 245 m triple street frontage
+ Lessee pays all usual outgoings as per the lease
+ Peter Stevens Motorworld – proven auto business since 1972 now including Nissan, Hyundai, MG and RAM dealerships
+ As new, immaculate building totalling 4,561 sqm
+ Strong and certain rental growth
+ One of Ballarat’s busiest intersections opposite BP, Caltex, Carl’s Jr and Subway
+ 31,400+ vehicles passing daily
+ Significant taxation saving depreciation
+ Income: $540,000 pa + GST

For Sale by Auction
11am Wednesday 11 December 2019
Crown Casino, River Room, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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