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HIGHWAY EXPOSURE RETAIL INVESTMENT

AUCTION
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143 - 145 Bridge Street, Tamworth NSW 2340

 

  • Renewed 10 year lease 

  • Premium Highway Exposure 

  • Annual net income $202,369.56*(+GST)

 

Autobarn Tamworth dominates a bold highway corner position neighbouring Yokohama Tyres, Shell Coles Express, McDonald’s, Guzman Y Gomez, Domino’s, Steggles / Baiada + Sips n Suds Auto Wash.

 

Autobarn forms part of ASX listed company Bapcor - Australia’s largest distributor of parts and accessories throughout a network of over 600 company owned and franchised stores.

Operating a network of over 180 Autobarn stores Australia wide - Bapcor include a market capitalisation of $2.09b AUS. 

 

Autobarn, a leading motor vehicle accessory supplier to many of Tamworth’s local businesses and regional farmers also benefits from a high profile left hand side inbound highway location, accepting vehicle traffic in both directions ensuring a strong seven (7) day trade. 

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A proven and successful long-term retailer on the site of over (+21 years), the lessor in conjunction with Autobarn recently completed an entire rebuild of the existing premises delivering the most modern retail showroom and workshops supporting designated on site customer and staff parking. The complete redevelopment of the building increased the internal NLA by nearly 50%, guaranteeing Autobarn Tamworth continued long term prosperity and growth for another 20 years. 

 

Autobarn Tamworth is the complete investment asset and is being offered For Sale for the very first time in 19 years.

 

Key Investment Highlights 

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  • Australia’s most sought after Automotive Retailer - Autobarn underpinned by ASX listed company Bapcor - Australia’s largest distributor of parts and accessories across a network of over 600 company owned and franchised stores. 

  • Located on the main western distributor connecting Tamworth CBD to the Northwest and
    Liverpool Plains.

  • Potential future depreciation benefits to investors up-to 2031.

  • Triple Net Lease - tenant pays 100% of all outgoings.

  • Renewed 10 year lease commencing November 2021 plus options up-to 2041.

  • Significant 3% fixed annual rental growth with market reviews at the exercising of the option period.

  • Annual net income $202,369.56*(+GST) as at 1 November 2023.

 

FOR SALE VIA PUBLIC AUCTION  - Tuesday 21 November 2023 at AuctionWorks, 50 Margaret Street, Sydney commencing 10:30am.

 

Note: Both 143-145 Bridge Street, Tamworth & 1-3 Out Street, Tamworth will be offered together in one line, then if not sold, offered separately.)

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Contact Agents


For further information and inspections please contact the exclusive selling agents:

 

Anthony Bray

Partner

Next Commercial

mobile: 0419 322 233

anthony.bray@nextcommercial.com.au

 

Ryan Cross

Senior Associate

Next Commercial

Mobile: 0402 147 124

ryan.cross@nextcommercial.com.au

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* (approximate)

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