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Auction | Showrooms/Bulky Goods new

Brand New Automotive Asset with New 7 Year Lease

113 Maitland Street
Muswellbrook, NSW 2333
Inquire About This Property
Building Size:
1,211 SQM
Lot Size (SQM):

Cushman & Wakefield is pleased to present to the market 113 Maitland Road (New England Highway), Muswellbrook for Sale via Auction. The property has the following key characteristics: - New 7 year lease to 2027 + option to 2032 - Muswellbrook Toyota & Isuzu Ute - Award winning Automotive dealership network with 8 locations & 15 hire car depots. One of the largest privately owned truck & agricultural dealership networks in QLD & NSW - Prized corner with premium exposure on large land holding 3,806 sqm zoned ‘Local Centre’ with 175 metre street frontages - 1,211 sqm facility features a brand new showroom complimenting a renovated workshop in 2020 offering strong depreciation benefits - Strategic New England Highway location, the main thoroughfare through Muswellbrook & home to major tenants incl. Woolworths, IGA, NAB, McDonald’s & KFC - Landlord friendly Net lease - Tenant pays for all outgoings incl. Land Tax, Management Fees & Repairs & Maintenance of the Landlord’s property - Fixed 3% annual rent increases - Net Income $300,000 pa + GST The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 29 April at 12 noon at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW. Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne. Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield. - Hunter & Central Coast
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