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839 Doncaster Road, Doncaster, VIC, 3108, 839 Doncaster Road, Doncaster, VIC, 3108

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839 Doncaster Road, Doncaster, VIC, 3108, 839 Doncaster Road, Doncaster, VIC, 3108

Doncaster

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839 Doncaster Road, Doncaster, VIC, 3108, 839 Doncaster Road, Doncaster, VIC, 3108

Doncaster

SOLD
839 Doncaster Road, Doncaster, VIC, 3108, 839 Doncaster Road, Doncaster, VIC, 3108

839 Doncaster Road, Doncaster, VIC, 3108, 839 Doncaster Road, Doncaster, VIC, 3108

Properties / Sold / Victoria / Doncaster
Tenanted Investment
Click to view all listings in the Portfolio
Selling Method
EOI
Land Area
1,674 sqm (*approx)
Floor Area
2717 sqm (*approx)
Property Type
Retail
Terms
Long-term 12-year lease
Est. Income
$1,310,000 p/a
Fully Leased
Fortune 500 covenant – Penske Automotive Group (NYSE:PAG)
Zone
Commercial 1 Zoned (C1Z)
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SOLD | ELITE AUTOMOTIVE INVESTMENT IN MELBOURNE’S DESIRABLE EASTERN SUBURBS
  • Long-term 12-year lease to global listed entity
  • High profile Commercial 1 Zoned site in Melbourne’s affluent eastern suburbs
  • High profile Commercial 1 Zoned site in Melbourne’s affluent eastern suburbs

JLL Retail Investments, acting under instruction from Advise Transact, is delighted to present for Sale 839 Doncaster Road, Doncaster. An unprecedented opportunity to become the landlord of an established car dealership, and gain exposure to an exceptional tenant covenant in Penske Automotive Group.

Key Property Highlights:

+ Purpose built, state-of-the-art dealership constructed in 2015

+ Affluent eastern suburbs locations, less than 25 minutes to the Melbourne CBD

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

+ Highly desirable annual rental increases providing guaranteed net income growth

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

+ Situated on a major Commercial 1 Zoned (C1Z) landholding underpinning long-term development potential and within one of Melbourne’s most tightly held commercial land precincts

+ Multi-level dealership featuring large sales-showroom, service centre, office, and rooftop deck carparking providing strong Landlord depreciation benefits

+ Current passing rental of $1,310,000 p.a. + GST

839 Doncaster Road, Doncaster 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: [email protected] 或微信ID: Mingxuanli777

 

 

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Tenanted Investment
Tenanted Investment

Investment Summary

Property Type
Retail
Est. Income
$1,310,000 p/a
Tenant
Fortune 500 covenant – Penske Automotive Group (NYSE:PAG)
Terms
Long-term 12-year lease
Land Area
1,674 sqm (*approx)
Floor Area
2717 sqm (*approx)
Zone
Commercial 1 Zoned (C1Z)
Selling Method
EOI
EOI Closing Date
25 Jul 2024 03:00PM

Investment Highlights

SOLD | ELITE AUTOMOTIVE INVESTMENT IN MELBOURNE’S DESIRABLE EASTERN SUBURBS
  • Long-term 12-year lease to global listed entity
  • High profile Commercial 1 Zoned site in Melbourne’s affluent eastern suburbs
  • High profile Commercial 1 Zoned site in Melbourne’s affluent eastern suburbs

JLL Retail Investments, acting under instruction from Advise Transact, is delighted to present for Sale 839 Doncaster Road, Doncaster. An unprecedented opportunity to become the landlord of an established car dealership, and gain exposure to an exceptional tenant covenant in Penske Automotive Group.

Key Property Highlights:

+ Purpose built, state-of-the-art dealership constructed in 2015

+ Affluent eastern suburbs locations, less than 25 minutes to the Melbourne CBD

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

+ Highly desirable annual rental increases providing guaranteed net income growth

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

+ Situated on a major Commercial 1 Zoned (C1Z) landholding underpinning long-term development potential and within one of Melbourne’s most tightly held commercial land precincts

+ Multi-level dealership featuring large sales-showroom, service centre, office, and rooftop deck carparking providing strong Landlord depreciation benefits

+ Current passing rental of $1,310,000 p.a. + GST

839 Doncaster Road, Doncaster 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: [email protected] 或微信ID: Mingxuanli777

 

 

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Tenanted Investment

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839 Doncaster Road, Doncaster, VIC, 3108, 839 Doncaster Road, Doncaster, VIC, 3108

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Property Location of 839 Doncaster Road, Doncaster, VIC, 3108, 839 Doncaster Road, Doncaster, VIC, 3108

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