The LJ Hooker Commercial Team are delighted to present the The Black Toyota Group’s Fitting and Fabrication Facility to the market for sale.
Underpinned by a 10-year lease to Australia’s Largest Car Dealership Group, AP Eagers, this asset offers the astute investor the rare opportunity to acquire a high yielding regional investment that offers cash flows underpinned by a tenant that has a proven track record in providing automotive solutions to both private and corporate consumers.
AP Eagers has 250 dealerships throughout Australia and New Zealand, annual revenues exceeding $3.0 billion per annum and over 8,000 employees. The company is also listed on the Australian Securities Exchange and has grown to a market capitalisation of $3.13 billion.
Features include:
- Leased to AP Eagers (ASX:APE)
- Triple net 10-year lease to 2024 with options until 2034
- Outgoings 100% payable by the tenant
- Annual rental reviews
- Exceptional fabrication, workshop and hard stand facilities
- 2.02Ha site area
- High exposure industrial precinct
Net Income: $448,799* pa + GST
For further information please contact Chris Stewart on 0451 948 001 or Mike Stewart on 0418 717 361.
*Approx.