Descrição do ativo
Burgess Rawson together with JLL Adelaide are pleased to offer to the market 838 Marion Road, Marion (Adelaide) SA for sale via Expressions of Interest.
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Destaques do investimento
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
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