838 Marion Road, Marion_Property for Sale
838 Marion Road, Marion_Property for Sale
838 Marion Road, Marion, SA, 5043, AU

838 Marion Road, Marion

Asset description

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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Attributes

Building area net
63,808 sf
Occupancy
100%
Year built
2000
Land area gross
65,509.16 sf

Media

Investment highlights

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

838 Marion Road, Marion 4_Property for Sale
838 Marion Road, Marion 4_Property for Sale

Contact brokers

838 Marion Road, Marion (0 Properties)

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Last updated
Mar 28, 2024