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1107 Western Highway Caroline Springs, VIC 3023

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For Sale

1107 Western Highway Caroline Springs, VIC 3023

Shop & Retail
Sale Price

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Land area

2091.0m²

Floor area

2091.0m²

Property extent

Whole

Tenure type

Tenanted Investment

INVEST IN THE BOOMING WEST

  • Marjor car showroom and service centre
  • Net lease to established dealer
  • Net annual income of $503,000*

OVERVIEW

+ Major 'Jeep Chrysler Fiat Dodge' car showroom and service centre located at the gateway to one of Australia's fastest growing municipalities

+ Strategically positioned corner retail showroom of 2,091sqm* GLA within thriving large format retail centre anchored by national tenants Bunnings Warehouse, Officeworks, Autobarn and Petbarn

+ Net Lease with 100% of building outgoings paid by the tenant excluding land tax

+ 5 year Net Lease to well established car dealer benefitting from critical mass of trade and surrounding complementary car dealerships

+ Highly attractive fixed annual rental increases of 3.5% pa* and a net annual income of $503,000*

LOCATION

+ Set to benefit from the growth (currently at 5% per annum*) and major employment precinct and housing developments from Australia's leading developers Dexus, Burbank, Metricon, Mirvac, Stockland, Lend Lease and Carlisle Homes

For further information please contact the CBRE Freestanding Retail Investments team:

Joseph Du Rieu

+61 408 892 976

Kevin Tong

+61 422 848 818

Dylan Kilner

+61 459 396 341

Property ID: 502948594Last Updated: 5 Dec 2018

1107 Western Highway
Caroline Springs, VIC 3023

Agency contacts

CBRE - Victoria

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CBRE - Victoria

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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Dylan Kilner
CBRE - Victoria
1107 Western Highway Caroline Springs, VIC 3023

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

Kind Regards,

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