855-859 Nepean Hwy, Brighton VIC 3186_Property for Sale
855-859 Nepean Hwy, Brighton VIC 3186_Property for Sale
855-859 Nepean Highway, Brighton, VIC, 3204, AU

855-859 Nepean Hwy, Brighton VIC 3186

Asset Description

JLL Retail Investments, acting under instruction from Advise Transact, is delighted to present for Sale 855-859 Nepean Highway, Brighton. An unprecedented opportunity to become the landlord of an established car dealership, and gain exposure to an exceptional tenant covenant in Penske Automotive Group (NYSE: PAG).


Key Property Highlights:

+ Purpose built, state-of-the-art dealership, which recently underwent major expansion and refurbishment in 2019

+ Located in one of Melbourne’s most affluent and expensive Bayside suburbs

+ Long-term 12-year lease to Fortune 500 covenant – Penske Automotive Group (NYSE:PAG)

+ NET Lease structure with the tenant responsible for all usual outgoings, including Land Tax (increase over base year)

+ Highly desirable annual rental increases providing guaranteed net income growth

+ Situated on a 4,049sqm* Commercial 2 Zoned (C2Z) corner landholding with a combined 133m of prime retail frontage providing exceptional exposure

+ Located on the major arterial roadway, Nepean Highway, widely regarded as the ‘Golden Mile of Cars’ with exposure to over 64,000 daily passing vehicles

+ Current passing rental of $1,430,000 p.a. + GST


855-859 Nepean Highway, Brighton is for sale by Expressions of Interest, closing on Wednesday 31st 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


中文普通话咨询物业详情,请联系Mingxuan Li李名轩。 手机: 0498 688 998, 电子邮件: Mingxuan.Li@jll.com, 或微信ID: Mingxuanli777

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Attributes

Building area gross
28,137 sf
Land area gross
43,583 sf

Media

Investment Highlights

Long-term 12-year lease to global listed entity

Located within Melbourne’s highly affluent bayside suburbs

Desirable annual rental increases providing guaranteed future income growth


855-859 Nepean Hwy, Brighton VIC 3186 4_Property for Sale
855-859 Nepean Hwy, Brighton VIC 3186 4_Property for Sale

Contact brokers

855-859 Nepean Hwy, Brighton VIC 3186 (0 Properties)

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Last updated
5 Jul 2024