838 Marion Road, Marion

The property has the following key highlights:

+ 100% occupied large format retail investment with strong occupancy history.

+ Long 6.37 year WALE by income.

+ Long 10 & 12 year leases to nationally recognised brands including 99 Bikes, X-Golf, Toymate and Revo Fitness.

+ Guaranteed rental growth, with annual increases ranging from CPI to 4%.

+ Diverse investment with 10 individual income streams.

+ Prime 6,086sqm* freehold landholding with important 68 on-title car spaces.

+ Significant and well-presented 5,929sqm* majority two level freehold building.

+ Strategic position in dominant and tightly held Marion Road retail precinct, with low vacancy rates.

+ High profile Marion Road site with 43,800 vehicles passing daily. (1)

+ Desirable retail position amongst Harvey Norman, Officeworks, The Good Guys and Fantastic Furniture.

+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (2)

+ Marion: metro suburb only 9km* south-west of the Adelaide CBD.

+ Net Income: $1,102,433pa* + GST (as at 1 June 2024)

For Sale via Expressions of Interest:

Closing 4:00pm (ACST) Wednesday 10 April 2024

*Approx

1. GapMaps

2 CommSec State of States Report