Nepean Highway Cash Cow
High-yielding, fully stacked investment opportunity located along one of the most sought-after sections of the Nepean Highway – 361 Nepean Highway, Brighton East.
This iconic property has housed a lawnmower repair business for over 60 years. The current tenant, Masterpiece Mowers, a trusted family-owned business, has operated from this location since 2015.
Positioned next to the Landrover, Jaguar & Volvo dealerships and within walking distance from the bustling Bay Street retail precinct, the location offers proximity to major national retailers including Coles, Chemist Warehouse, a variety of popular restaurants, cafés, station and the iconic Hotel Brighton.
Key features include:
SHOWROOM TENANCY
* Tenant: Masterpiece Mowers
* Lease Term: Seven (7) years
* Lease Expiry: 12 April 2029
* Rental Income: $57,227 p.a. + Outgoings
* Increases: Fixed 3% annually, market review at option
* Option: One (1) further term of seven (7) years (to April 2036)
SIGNBOARD TENANCY
* Tenant: Australian Outdoor Media (national company)
* Lease Term: Ten (10) years (commencing September 2024)
* Rental Income: $56,650 p.a.
* Increases: Fixed 3% annually
* Options: Two (2) further terms of five (5) years each
* Total annual income: $113,877 p.a. (fully leased)
PROPERTY
* Ground floor showroom/retail space
* Rear storage/garage area
* Kitchenette and toilet
* Rear laneway access with roller door
* Upstairs: Two-bedroom residence with living room, kitchenette, and bathroom
For further details or to arrange an inspection please contact:
James Glen 0401 493 277
David McIntosh 0407 850 909
DISCLAIMER:
* All information and measurements are approximate and should not be relied upon as accurate. The stated net internal area of the premises is provided as an indicative estimate only and is not a substitute for carrying out precise measurements. Interested parties should refer to the Contract of Sale and/or Lease documentation for definitive details. All images are subject to copyright.
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