Sold
Immaculate JAX Tyres & Auto Investment - New 7 Year Net Lease to 2031
77 Bentinck Street, Bathurst NSW 2795
Last Asking Price - $1,900,000-$2,090,000
RetailSize: n/a
Block size: 1088 m² approx.
Burgess Rawson is pleased to offer to market the Jax Tyres & Auto at 77 Bentinck Street, Bathurst NSW for sale via our Investment Auction Portfolio 167.
The property has the following investment highlights:
+ Brand new 7 year lease to 2031 plus options to 2041
+ JAX Tyres & Auto: wholly owned entity of Hankook Tire (KRX Listed) market cap of over $7.68b**
+ Fixed 3.5% compounding annual increases ensuring guaranteed rental growth
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance, land tax and management (capped at 3%) as per the lease
+ High profile 1,088sqm* corner landholding with new substantial tenant fitout
+ Strategic position next to major Woolworths anchored Bathurst City Centre shopping centre and in close proximity to other major brands including Mitre 10, Aldi, Commonwealth Bank & Tradelink
+ Bathurst: thriving inland city and renowned motorsport mecca, home to Mt Panorama and Bathurst 1000 - higher proportion of household spending on tyres & vehicle servicing than the state average
+ Central West: thriving region with 182,000+ people, set to experience significant growth^
+ Net Income $150,000 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House
Bidder registration required, register here: www.portfolioauctions.com.au
Please contact the exclusively appointed sales team for more information.
*Approx
**KRX: As of 27/02/2024 converted to AUD (approx)
^dataau.com.au
The property has the following investment highlights:
+ Brand new 7 year lease to 2031 plus options to 2041
+ JAX Tyres & Auto: wholly owned entity of Hankook Tire (KRX Listed) market cap of over $7.68b**
+ Fixed 3.5% compounding annual increases ensuring guaranteed rental growth
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance, land tax and management (capped at 3%) as per the lease
+ High profile 1,088sqm* corner landholding with new substantial tenant fitout
+ Strategic position next to major Woolworths anchored Bathurst City Centre shopping centre and in close proximity to other major brands including Mitre 10, Aldi, Commonwealth Bank & Tradelink
+ Bathurst: thriving inland city and renowned motorsport mecca, home to Mt Panorama and Bathurst 1000 - higher proportion of household spending on tyres & vehicle servicing than the state average
+ Central West: thriving region with 182,000+ people, set to experience significant growth^
+ Net Income $150,000 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House
Bidder registration required, register here: www.portfolioauctions.com.au
Please contact the exclusively appointed sales team for more information.
*Approx
**KRX: As of 27/02/2024 converted to AUD (approx)
^dataau.com.au
Inspections
No open inspections scheduled.
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Key details
Property type:
Retail
Block Size:
1088 m²*
Other Details
Lot:
1
Plan Type:
DP
Plan:
829085
Legal description:
1/829085
Maps and area information
Block information
Block size: 1088m² (approx)
Legal description: 1/829085
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
28 Mar 2024
Sold
Burgess Rawson Sydney
Listed: 14/03/2024
Block size: 1088m²
Transfer type: Full transfer
14 May 1999
Sold
$425,000
Contract: 07/04/1999
Transfer: 14/05/1999
Block size: 1088m²
Transfer type: Full transfer
Purpose: Shop
Bathurst suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
42 years
Population
7,001
Listing ID: 182371969. This listing has been viewed 6 times. It was first displayed on 14/03/2024 and last updated on 28/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.