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Burgess Rawson - Melbourne

Autobarn, 903 Nepean Highway Mornington, VIC 3931


Autobarn, 903 Nepean Highway,
Mornington, VIC 3931

Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial

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Burgess Rawson - Melbourne
Beau Coulter
Matthew Wright

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
Burgess Rawson - Melbourne
Autobarn, 903 Nepean Highway
Mornington, VIC 3931

Map of Autobarn, 903 Nepean Highway


Autobarn Freehold with Value-Add | Autobarn's Only Store on the Mornington Peninsula

  • Trophy 2,204sqm* landholding
  • Very low 34% site coverage*
  • Fixed 3.5% annual rent increases
Trophy 2,204sqm* corner landholding with very low 34% site coverage*.
High profile Nepean Highway position with 29,290* vehicles passing daily (1).
The only Autobarn store on the Mornington Peninsula, with a growing population of 168,990 (2).
The Autobarn brand is owned by Bapcor (ASX: BAP), a retail network of over 1,000 stores including stablemates AutoPro, Midas, Burson and ABS Brakes.
Bapcor Retail recently announced 2 year profit growth of 58.83%.
Current lease and options expire in February 2031, providing potential to expand and/or add-value STCA.
Fixed 3.5% annual rent increases providing strong and certain growth.
Prime retail position within 350 metres of Toyota, Ford, Kia, Mazda, McDonald's, KFC, Hungry Jack's, Bridgestone, Kennards and Petbarn.
Mornington: booming sea-change and tourism destination with 8% forecast population growth by 2036 (2).
Net Income: $203,384pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 14 September 2022
Crown Casino - River Room - Melbourne

1. GapMaps
2. id

Property ID: 504140531Last Updated: 1 Aug 2023

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