CBRE is pleased to offer to the market 64-74 Sharp Street & 41 Commissioner Street, Cooma (Snowy Mountains) NSW; a high performing automotive freehold investment leased to High Country Automotive, for sale via Private Treaty. The property has the following key investment highlights:
+ Renewed 5 year net lease to 2030 with options to 2035 (High Country Automotive 15+ years on-site)
+ High Country Automotive: high performing Toyota, Subaru, Nissan & Isuzu dealership representing some of Australia’s most trusted and best-selling automotive brands
+ Longstanding occupancy history trading as a dealership for 70+ years on-site
+ Highly exposed 6,384sqm* CBD highway landholding improved by a significant 2,586sqm* showroom and building, with extensive 75m* of street frontage to Snowy Mountains Highway
+ Versatile site and dealership offering valuable tyre and auto servicing as well as retail sales. High Country Automotive is Coomas main service centre for Toyota Subaru, Hyundai & Isuzu
+ Ideal planning controls zoned E2: Commercial Centre with a 15m building height limit (STCA)
+ Highly desirable net lease with the tenant paying 100% of outgoings, including council rates, water rates, and land tax as per the lease
+ Compounding fixed 3.5% annual increases guaranteeing long term rental growth
+ Strategic CBD position on Snowy Mountains Highway near the Coles anchored Centennial Plaza Shopping Centre, Woolworths, & recently completed $26.5 million Cooma Hospital redevelopment
+ Cooma: heart of the snowy mountains with a GRP of $1.99B*, only 1 hour to Canberra
+ Net Income: $316,344pa* + GST To be sold via Private Treaty Please contact the exclusively appointed sales team for more information..
*Approx