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For sale

Supercheap Auto Fawkner, 1345-1349 Sydney Road, Fawkner

BRAND NEW LEASE TO ASX LISTED RETAIL GIANT WITH MARKET CAP OF $3.54 BILLION!

Jones Real Estate is proud to present Supercheap Auto Fawkner at 1345-1349 Sydney Road, Fawkner to the market For Sale via Public On-Site Auction on Thursday 29th February 2024 at 2:30pm.

This triple AAA trophy investment has a head lease to ASX Listed retail giant Super Retail Group, who have a market cap of $3.54 billion^^ and are operating as ‘Super Cheap Auto Pty Ltd’. Offering a highly sought after net lease, the property provides exceptional positioning and expansive frontage to Melbourne’s major northern arterial network, further enhanced by its strength of covenant and underlying land value, presenting a generational asset future proofed for many years to come.

Key highlights of this opportunity include:

– Net lease to ASX Listed retail giant Super Retail Group who have a market cap of $3.54 billion^^ and are operating as ‘Super Cheap Auto Pty Ltd’.

– Super Retail Group currently operate 690* stores with over 14,000 staff internationally and proudly own & operate four iconic brands: Supercheap Auto, Rebel, BCF and Macpac.

– Providing a net annual income of $290,000 + GST plus favorable 3.00% fixed annual increases.

– Land tax + all usual outgoings are recoverable.

– Leased on an initial eight (8) year term commencing Dec 2023, with two (2) further five (5) year options to 2041.

– Strategic Commercial 2 Zone (C2Z), offering 909sqm* of internal building area and 1,454sqm* of land area, whilst also providing 33m* of direct retail frontage to one of Melbourne’s most esteemed arterial networks, Sydney Road, subject to 50,000 vehicles passing East and West bound daily^.

– Direct access to Melbourne’s Metropolitan Ring Road (156,000 vehicles passing daily^) connecting Northern, Western, and soon to be, Eastern suburbs.

– Surrounded by major national retail brands including Kmart, Officeworks, Dan Murphy’s, Coles, Aldi, Amart Furniture, McDonald’s, Hungry Jacks & Red Rooster.

*Approx.
^Gapmaps.com
^^January 2024, https://www.asx.com.au/markets/company/AX1

For further information, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.

Property Type

Commercial, Showroom

Address

Supercheap Auto Fawkner, 1345-1349 Sydney Road, Fawkner VIC 3060

Method of sale

Auction

Auction Date

February 29, 2024 - 2:30 pm

Land Area

1454 sqm

Floor Area

909 sqm

Occupancy

Tenanted

Price guide

Contact Agent

Map of: 1345-1349 Sydney Road VIC 3060

Helping build, manage and negotiate strong, sustainable, market-leading investments.

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