- Renewed 5 year lease
- Favourable CPI reviews
- Potential 50% stamp duty savings

McKean McGregor and Burgess Rawson are pleased to offer to the market 169-171 High Street, Bendigo for sale via Auction Investment Portfolio 172.

The property has the following key investment highlights:
- Renewed Five (5) year lease to JAX Tyres & Auto to December 2028 with Three (3) further Five (5) year options to 2043.
- Desirable annual CPI reviews.
- Landlord-favourable net lease terms with tenant responsible for all usual outgoings excluding Land Tax.
- JAX Tyres & Auto: A subsidiary of Hankook, leader in the automotive industry, with over 90 sites nationally, employing over 1,000+ people and servicing more than 700,000 customers every year.1
- Hankook (KRX:161390): 7th ranked in tire sales globally, employing 22,000* people across all businesses and operating in 160+ countries with a market capitalisation of $5.93 Billion (AUD).2
- Impressive and well presented 774 sqm* building with dual roller door access offering flexibility.
- Prime 1,035 sqm* Calder Highway freehold site with 21.9m frontage and 30,000+ vehicles passing daily.3
- Premium Commercial 1 Zone (C1Z) offering future flexibility.
- Bendigo: Booming residential growth location with a 11.4% increase in median house in the last 12 months.4
- City of Greater Bendigo: Victoria’s largest inland city with population forecast to grow to over 172,239 by 2046 and currently generates $20.6 billion in annual economic output with an estimated 56,303 jobs in the area.6
- Potential 50% stamp duty savings.
- Estimated net rent: $119,070 pa* + GST (as at December 2024 assuming 3% CPI Reviews)

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 30 October 2024
River Room - Crown Casino, Melbourne