SOLD
Sold on 04 Oct 2024 for $5,600,000

5535 Princes Highway
Traralgon VIC 3844

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 330m2
Land area: 4693m2
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Property Details for 5535 Princes Hwy, Traralgon

Building Type
Commercial
Floor Size
330m2
Land Size
4693m2
Local Government
Latrobe
Lot/Plan
4/PS504067

Last Listing description (July 2024)

> 10 Year Net Lease to 2028
> Motus Australia Market Cap $1.29 Bn
> Net Income $366,273 pa* + GST

Wilson Property in conjunction with Stonebridge Property Group, are pleased to present Auto Dealership Traralgon for sale via Expression of interest closing 18th July 2024 at 3 pm (AEST).

The key highlights of the property include:

- 10 year net lease to Motus Australia (exp Dec-28), plus 2 x 5 year options

- Motus Australia is a subsidiary of internationally renowned automotive company Motus Holding Ltd (JSE:MTH) - market cap $1.29 billion^

- Expansive 4,693 sqm* landholding, improved by a purpose built auto dealership tenanted by national brands Land Rover, Suzuki, MG and Jaguar

- The state of the art auto dealership spans 1,490 sqm* consisting of a indoor show room, service centre and offices

- Bolstered by an additional 105 outdoor concrete and asphalt hardstand car spaces

- Positioned within the Traralgon Dealership Hub with a combined 650 m of street frontage, near major regional towns Traralgon (2.3 km*) and Morwell (7 km*)

- Net income of $366,273 pa* + GST with annual CPI increases

Auto Dealership Traralgon, 5535 Princes Highway, Traralgon VIC 3844 is offered for sale via Expression of Interest closing Thursday 18th July 2024 at 3 pm (AEST).

To obtain further information, or arrange an inspection please contact the exclusive selling agents.

Wilson Property:

Ben Wilson
0412 525 542

Emma Dunne
0407 865 838

Stonebridge Property Group:

Rorey James
0439 400 081

Kevin Tong
0422 848 818

*Approximately

^markets.ft.com

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Property History for 5535 Princes Hwy, Traralgon, VIC 3844

A timeline of how this property has performed in the market
Last Sold
$5,600,000
04 Oct 2024
Listed for Rent
$2.78k/w
13 Oct 2017
  • 04 Oct 2024
    Sold for $5,600,000
  • 18 Jul 2024
    Listed for Sale via EOI closing Thursday 18th July @ 3pm
  • 07 Jun 2022
    Listed for Sale Contact Selling Agent
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About Traralgon 3844

The size of Traralgon is approximately 56.3 square kilometres. It has 78 parks covering nearly 4.3% of total area. The population of Traralgon in 2011 was 23,834 people. By 2016 the population was 24,924 showing a population growth of 4.6% in the area during that time. The predominant age group in Traralgon is 20-29 years. Households in Traralgon are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Traralgon work in a professional occupation. In 2011, 69.5% of the homes in Traralgon were owner-occupied compared with 68.8% in 2016.

Traralgon has 15,250 properties. Over the last 5 years, Houses in Traralgon have seen a 62.11% increase in median value, while Units have seen a 57.16% increase. As at 30 November 2024:

  • The median value for Houses in Traralgon is $513,518 while the median value for Units is $326,907.
  • Houses have a median rent of $450 while Units have a median rent of $363.
There are currently 89 properties listed for sale, and 2 properties listed for rent in Traralgon on OnTheHouse. According to CoreLogic's data, 652 properties were sold in the past 12 months in Traralgon.

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