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Colliers International - Ballarat

Peter Stevens Auto Dealerships, 615 Creswick Road (Midland Hwy) Ballarat Central, VIC 3350

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Peter Stevens Auto Dealerships, 615 Creswick Road (Midland Hwy)
Ballarat Central, VIC 3350

Shop & Retail • Showrooms & Bulky Goods • Warehouse, Factory & Industrial

Price information

Sale - Auction Wed 11 Dec

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Land area

0.74ha (1.82 acres)

Floor area

4561.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$540,000
Number of Tenants
1 Tenant
Tenants / Type
Auto Dealerships

Auction

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Colliers International - Ballarat
Peter Stevens Auto Dealerships, 615 Creswick Road (Midland Hwy)
Ballarat Central, VIC 3350
David Wright
Andrew Lewis

Colliers International - Ballarat

Level 2, 210 Sturt Street
BALLARAT CENTRAL, VIC 3350

Map of Peter Stevens Auto Dealerships, 615 Creswick Road (Midland Hwy)

Directions

Highway Automotive Dealership - (Peter Stevens) Established 1972

  • Brand New 10 + 10 Year Lease to 2039
  • $5M Refurbishment in 2017
  • Strong & Certain Rental Growth
+ 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

Property ID: 503394930Last Updated: 10 Dec 2019

Agency contacts

Colliers International - Ballarat

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Colliers International - Ballarat

Level 2, 210 Sturt Street
BALLARAT CENTRAL, VIC 3350
Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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David Wright

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David Wright
Colliers International - Ballarat
Peter Stevens Auto Dealerships, 615 Creswick Road (Midland Hwy) Ballarat Central, VIC 3350

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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