Burgess Rawson has been exclusively appointed to sell a portfolio of Bridgestone assets, providing an  exceptional opportunity for investors to capitalise on the strength of the automotive sector.  

Strategically located in Queensland and Victoria, these assets are underpinned by long-term leases,  ensuring reliable income streams.  

Burgess Rawson Partner, Neville Smith, said that with attractive net leases and substantial rental  growth prospects, they present an ideal investment for those seeking both stability and profitability in a  dynamic market. 

Mr Smith highlighted the increasing appeal of automotive assets throughout 2024, driven by tightening  yields and strong market fundamentals.  

"This year, we've observed a significant uptick in automotive sales activity, which is directly aligned with  the broader increase in car sales across the country," he said.  

"Investors are recognising the value in securing assets within this sector, especially as consumer  demand continues to grow and the automotive industry remains resilient. These Bridgestone assets,  with their strong lease covenants and prime locations, are well-positioned to deliver long-term rental  security to investors." 

This portfolio sale offers investors the opportunity to tap into a sector that has shown consistent  resilience and adaptability. The Bridgestone assets represent a unique chance to secure investments  that are not only lucrative but also supported by a well-established brand in the automotive industry. 

The Bridgestone properties represent a unique chance to invest in Australia's thriving automotive  sector, backed by strong tenant covenants and strategic locations across key industrial markets. 

With the exception of Garbutt (which will be sold via an Expressions of Interest campaign closing  September 24) the properties are being auctioned at Burgess Rawson’s Portfolio Auction event with  Kilsyth auctioned at Crown Casino in Melbourne on September 18 and Rocklea and Condon at The  Hilton on the 20th. 

Garbutt 
Located at 38-40 Mackley Street, Garbutt, this Bridgestone site is in a thriving Townsville industrial  precinct. With a five-year head office lease extending to December 2027 and a five-year option to  December 2032, the property’s net income is $205,500 per annum. 

The expansive 4,100sqm site features a 1,562sqm facility with low site coverage, allowing for flexible  future use. Positioned near major transport routes, this property benefits from Townsville's booming  economy, supported by $27 billion in infrastructure projects and a population forecast to grow by 54%  by 2041.  

Condon 
The Bridgestone facility at 196 North Vickers Road, Condon, is a prime example of a high-performing  automotive investment. With a ten-year lease extending to September 2033 and options to 2048, this  property is set to provide long-term rental growth.

The 725sqm facility on a 1,597sqm site is ideally  located within one of Townsville's expanding industrial precincts. With proximity to major shopping 
centres and arterial roads, this site is poised for continued success. The net income of $110,400 per  annum further solidifies its position as a top-tier investment opportunity. 

Rocklea 
Situated at 37 Dunn Road, Rocklea, this Bridgestone location enjoys a prominent position within  Brisbane's industrial heartland. The 5,166sqm freehold site, leased until December 2027 with a five year option, boasts a modern 1,450sqm facility, including warehouse and office space.

With seamless  access to the Ipswich Motorway and proximity to major retail precincts, this property is positioned for  long-term success. The high-impact industry zoning and favourable lease terms further enhance its  appeal, with a net income of $167,813 per annum, set to increase in December. 

Kilsyth 
At 98-100 Canterbury Road, Kilsyth, this Bridgestone property offers investors a foothold in one of  Melbourne's key commercial precincts. The site features a 659sqm facility on a 3,142sqm lot with prime  frontage to Canterbury Road, a major arterial route with high traffic volumes.

The five-year lease with  options to 2032, coupled with low site coverage and strong tenant credentials, ensures a reliable  income stream of $137,315 per annum. Kilsyth's thriving economy and strategic location make this an  attractive investment.