Toyota-Leased Investment - Central Richmond
Bayleys Nelson is pleased to offer 10 & 12 McGlashen Avenue, Richmond, for sale by negotiation.
This property is home to Bowater Toyota Richmond, an established sales and service dealership on 1,882sqm of central Richmond land. It's fully leased on a long-term net lease, offering investors secure, passive income from a well-known brand in a prime location.
The property has approximately 750sqm of improvements, including a customer reception, workshop, wash bay and canopy. It was refurbished in 2019, rates at over 75% NBS and has solar panels already installed. A sealed yard provides 28 on-site car parks.
McGlashen Avenue is one of Richmond's main business routes, running between Queen Street and State Highway 6, within walking distance of Richmond Mall. The surrounding precinct is tightly held and occupied by national brands and established local operators.
The land is held across two separate freehold titles in the Central Business Zone, which allows a broad mix of retail, commercial and service uses. That gives the next owner flexibility to hold, re-lease or redevelop over the long term.
Contact Graeme Vining or Gill Ireland for more information or to arrange a viewing.
This property is home to Bowater Toyota Richmond, an established sales and service dealership on 1,882sqm of central Richmond land. It's fully leased on a long-term net lease, offering investors secure, passive income from a well-known brand in a prime location.
The property has approximately 750sqm of improvements, including a customer reception, workshop, wash bay and canopy. It was refurbished in 2019, rates at over 75% NBS and has solar panels already installed. A sealed yard provides 28 on-site car parks.
McGlashen Avenue is one of Richmond's main business routes, running between Queen Street and State Highway 6, within walking distance of Richmond Mall. The surrounding precinct is tightly held and occupied by national brands and established local operators.
The land is held across two separate freehold titles in the Central Business Zone, which allows a broad mix of retail, commercial and service uses. That gives the next owner flexibility to hold, re-lease or redevelop over the long term.
Contact Graeme Vining or Gill Ireland for more information or to arrange a viewing.
Key features
Lease
Fully leased to Bowater Toyota Richmond, an established sales and service dealership, on a long-term net lease. That offers secure, passive income with minimal landlord involvement.
Location
On McGlashen Avenue, one of Richmond's main business routes between Queen Street and SH6, within walking distance of Richmond Mall.
Zoning
Two freehold titles in the Central Business Zone, allowing a broad mix of retail, commercial and service uses. Flexibility to hold, re-lease or redevelop.
Zoning
28 on-site car parks sit within a sealed yard, which is a strong drawcard in central Richmond for customer access and staff.
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