The Set & Forget Marquee Investment You've Been Waiting For.

Sale Details

Sold on 24 Mar 2022 for $6,000,000

Description

POINT OF INTEREST:

Auction: Thursday 24th March at 12 Midday on site.

This is one generous block of land with double the investment opportunity, conveniently situated on the main thoroughfare in Bacchus Marsh — and all just one hour from Melbourne’s CBD. With frontage and exposure to Main Street, the front showroom is currently tenanted by Super Cheap Auto, happy occupiers since 2017 with well over 6 years remaining in their current team plus a 6 + 6 year lease and returning $168,826 per annum net in lease income. The rear building is a fully functioning and versatile self-storage facility recently built and tenanted by The Bacch Shed Self Storage with over 4 years left on the current term plus a 5 + 5 year lease returning $65,000 per annum net. This brings the total lease income of this investment site to $233,826 per annum net turning this into one of the most valuable assets you could consider adding to your portfolio in an area forecasting significant growth and development.

- Currently leased to tenants Super Cheap Auto and The Bacch Shed Self Storage.
- $233,826 per annum net combined lease income.
- Favourable commercial 1 zoning for future development.
- 2,874 sqm* total land area.
- 792.5 sqm* showroom area.
- 482.5 sqm* storage facility area.
- 24 onsite car spaces.
- Two street frontages and access points (Main Street & Young Street).
- Located right in the heart of the centre of Bacchus Marsh
- Just 10 minutes from Melton
- 1.3 km* from Bacchus Marsh railway station.
- 3.6 km* from the Western Freeway.

POINT OF VIEW:

Aside from the explicit value the site holds, it’s also rubbing shoulders with prime retail estate and big-name traders like Coles, Bridgestone, Blue Star Motors, and right next door to the Village Shopping Centre Complex meaning a steady stream of clientele that will keep the tenants occupied while you collect rent.

*Approx.
Pricing excludes GST