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6-8 Koonwarra Rd 11,873 SF 100% Leased Retail Building Leongatha, VIC 3953 For Sale
Investment Highlights
- Leased to a global automotive business listed on the Johannesburg Stock Exchange ($1.56B AUD market cap)
- Purpose-built state-of-the-art facility with 1,103 sqm building area on 2,060 sqm site
- South Gippsland region with a forecast population increase of 14.27% by 2036
- Recently renewed 7-year net lease to 2032 plus options, with annual CPI increases
- Net income of $242,800 pa + GST with tenant paying all usual outgoings except land tax
Executive Summary
6-8 Koonwarra Road is a purpose-built auto dealership on a long-term net lease to a globally recognized automotive group with annual CPI rental increases. This investment provides income security underpinned by a leading multinational tenant and a recently renewed 7-year lease through 2032.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
11,873 SF
Building Class
C
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.51 AC
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6-8 Koonwarra Rd
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