Toyota dealership

The South Morang property will comprise a two level dealership showroom, office, service centre and external display areas. Approximately 27 km north east of the Melbourne CBD, the site is located on the northern side of McDonalds Road near Plenty Road, which has passing traffic of 10.6 million vehicles per year. Subject to development, the property will have a gross lettable area of 3,465sqm, supported by a 15 year lease with fixed rental increases of CPI plus 0.5% p.a.

Highlights

Ownership 100% - Charter Hall Direct Automotive Trust No.2
Total NLA (sqm) 3,465
Valuation $15.45 million
Wale 15 years
Occupancy 100
Number of tenants 1
Major tenants Toyota

Investment

Open for investment
Ownership Fund
100% Charter Hall Direct Automotive Trust No.2