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 approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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