Descriptif

JLL is pleased to exclusively present to market Semaphore Centre, 16-26 Semaphore Road, Semaphore SA — a rare, fully leased neighbourhood shopping centre anchored by Drakes Supermarkets offering a compelling dual value proposition: secure income from a strong national tenant covenant combined with exceptional land banking and future development potential in Adelaide's growing coastal precinct.

Anchored by Drakes Supermarkets, Australia's largest independent supermarket chain, with a lease to August 2030 and no further option periods, plus four specialty tenants including family favourite Yo-Chi Frozen Yogurt. The property generates an attractive net income of $768,327* per annum with a WALE of 3.97* years by income.

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Attributs

Superficie du bâtiment nette

2 271 mètres carrés

Occupation

100 %

Superficie du terrain brute

3 970 mètres carrés

Média

Points forts de l'investissement

Situated on Semaphore Road, one of Adelaide's premier coastal high streets, just one street back from the Esplanade and Semaphore Beach.

The significant 3,970* sqm site benefits from dual street frontages to Semaphore Road (63m) and Newman Street (58m), with 45 at-grade car parks. The site holds Suburban Activity Centre (SAC) zoning, with substantial mixed-use redevelopment potential.

A strategically located centre in an underserviced catchment, the assets value is underpinned long term by significant recent residential property growth driven by lifestyle appeal and connectivity to the $134.4 billion AUKUS Defence program at nearby Osborne and the Adelaide CBD.