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.
|Ownership||100% - Charter Hall Direct Automotive Trust No.2|
|Total NLA (sqm)||3,465|
|Valuation||$15.45 million (as if complete)|
|Number of tenants||1|
|100%||Charter Hall Direct Automotive Trust No.2|