Nationwide Towing & Transport founders list a national portfolio of four industrial investments
The founders of Nationwide Towing & Transport, a company now majority-owned by the RACV, are selling a portfolio of four industrial investments across Australia.
Offered with a leaseback, in one line or individually, the properties return annual rent of $901,160 and are expected to trade for a total of more than $14 million.
All up, providing a gross lettable building area of 6477 square metres, the portfolio offers a weighted lease expiry of 3.9 years.
The most valuable investment is in Sydney’s Seven Hills and includes a modern 2594 sqm office/warehouse on a 5225 sqm block returning annual rent of $360,360. The site at 7 Tollis Place includes surplus land available for redevelopment and 30 car parks.
At 12 Industrial Avenue, Molendinar, about eight kilometres west of Southport in Queensland, a 1673 sqm facility on a is rented for $234,000 per annum. The complex covers just 34 per cent of the 7192 sqm block and also offers development potential.
In Melbourne, a 1687 sqm office warehouse a 10 Ashburn Place, Blackburn, on a 1586 sqm block, returns annual rent of $213,200.
A fourth property, at 42 and 44 Lancaster Road, Wangara, is about 20 kilometres north of the Perth CBD. The 523 sqm office/warehouse on a 2739 sqm plot returns annual rent of $93,600. Major occupiers around this site include AHG, Ford, Honda, Mazda and Toyota.
CBRE’s Ben Hegerty, Tim Homes, John Micallef, David Corke and Chris Monterosso are managing an expressions of interest campaign for the properties closing on December 6.
Earlier this week we reported the same vendors are selling the Melbourne Impound Yard, in Melbourne’s Collingwood – a 2016 square metre site with redevelopment potential, expected to sell for more than $15 million.
Nationwide Towing & Transport was established in 1960.
