Longstanding Car Dealership With ASX-Group Lease

Ray White Retail & North Coast Commercial Real Estate are proud to present 5 Snow Street, South Lismore NSW. For sale by Expressions of Interest closing Tuesday 1st December 2026 at 2pm (AEDT).

|What|
• 3,587sqm* car dealership with three showrooms and two workshops
• 11,840sqm* (1.18ha*) corner landholding with 121.6m* frontage to the Bruxner Highway and 91.6m* to Snow Street
• Leased entirely to Frizelle Sunshine Automotive, a wholly owned subsidiary of ASX-listed Peter Warren Automotive Holdings
• Brand new 3 year lease to 2029 plus 1 x 3 year option, with annual reviews at the greater of CPI or 3%
• Net lease with the tenant paying 100% of usual outgoings, including land tax
• Net Income of $620,000 + GST p.a.

|Where|
• On the Bruxner Highway, the main arterial linking Lismore to Ballina in the east and Casino in the west
• In South Lismore's established large format and trade retail precinct, close to Lismore Airport
• Lismore businesses serve a catchment of approximately 77,000 residents across the Lismore, Richmond Valley and Kyogle council areas
• Lismore City's population is forecast to grow to more than 51,000 by 2041

|Why|
• Peter Warren Automotive is one of Australia's largest dealer groups, with 80+ franchise operations, over 30 brands and $2.48 billion in FY25 revenue
• Trading as Northern Rivers Ford, Northern Rivers Honda and Lismore Mazda, building on the Frizelle Group's 20+ year occupation of the site
• Tenant responsible for maintenance, repairs and insurance, for a genuinely hands-off investment
• Buildings cover only about 30% of the 1.18ha* site, leaving extensive hardstand for vehicle display, storage and customer parking
• Flexible E3 Productivity Support zoning allowing a broad range of showroom, commercial and light industrial uses

*Approximately

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