The premier corner site at 1-3 Kiora Road in Miranda is fully leased to long-standing motor group Tynan Motors. Also offered is 5 Kiora Road, which is currently utilised as a carpark and is not subject to a lease.
The site comprises significant existing dealership facilities housing Tynan’s Mercedes-Benz showroom and Chinese EV brand Geely.
"The property offers incoming buyers secure, long-term cash flow," RWC Western Sydney managing director Peter Vines said.
"The tenant Tynan Motors is leased through November 2029 with an additional five-year option and annual CPI rent increases."
Set in the commercial heart of Miranda, the holding sits 300 metres from Miranda Mall and 500 metres from Westfield Miranda and Miranda Station, placing it in one of Sydney's highest-earning growth corridors.
"This is the kind of asset investors hold onto for decades," Mr Vines said.
"You have a long-established tenant, a world-class brand on the building, and a scarce landholding in a major Sydney centre with genuine development upside in the future.”
Beyond its immediate yield, the landholding carries substantial long-term development upside.
Zoned R3 Medium Density and R4 High Density Residential with building height limits up to 16 metres, the site is positioned to benefit from potential density uplifts under the NSW government's Low and Mid-Rise Housing Policy given its proximity to the station.
The Miranda sites are offered for sale via an Expressions of Interest campaign closing on 2 December for sale in one line or separately.