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SOLD - Muswellbrook (Hunter Valley) - Brand New Automotive Asset with New 7 Year Lease
113 Maitland Street Muswellbrook NSW 2333
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Property No.
Key Property Highlights
Building Area | 1211 sqm |
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Land Area | 3806 sqm |
Parking | Onsite car parks |
Listing Status | Sold |
Cushman & Wakefield is pleased to present to the market 113 Maitland Road (New England Highway), Muswellbrook for Sale via Offers to Purchase.
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 $309,000 pa + GST
For more information please contact the Exclusive Property Professionals at Cushman & Wakefield.