1 Mildred Street Kapunda SA 5373
- Shop & Retail
- 372 m²
- Expressions of Interest
PROMINENT RETAILER IN THE CENTRE OF TOWN
- Market dominating tenant
- Strong Lease covenant
- Kapunda’s 24 hour retailer
CBRE are proud to present this property as a part of the On The Run portfolio comprising 4 properties.
1 Mildred Street, Kapunda is a 24 hour retailer in the town of Kapunda. This multi-tenanted asset sits on the main thoroughfare linking the outskirts of Adelaide to one of the Murray Rivers most popular holiday destinations. The property has a long-term lease to On The Run and Subway (as part of the OTR franchising agreement).
OTR (On The Run Pty Ltd) is the largest private employer (3,500 employees*) in South Australia and is a part of the Peregrine Group of companies making it a part of the 11th largest private company in Australia despite only operating out of SA. OTR started with a humble investment in Adelaides North-Western suburbs in 1984 and has swiftly grown to own over 150 sites.
The property can be acquired as a single investment or within a portfolio of four Service Stations.
LESSEE: On The Run Pty Ltd
TERM: 15 years commencing 1 March 2020
OPTIONS: 10x5 years
OTR - $320,000 pa net (approx)
Subway - $30,000 pa net (approx)
(with annual 2.75% fixed reviews)
PROPERTY PORTFOLIO OPTION:
1 Mildred Street, Kapunda SA 5373
89 Military Road, West Beach SA 5024
303 Glen Osmond Road, Glenunga SA 5064
591 Grand Junction Road, Gepps Cross SA 5094
Expressions of Interest close 4pm Thursday 8th October 2020 (ACDT)
EXPRESSION OF INTEREST
|Closing date and time||08/10/2020 04:00|
|Recipient name||Ask Agent|
|Floor Area||372 m²|
|Land Area||1,413 m²|
|Parking||On site parking available|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||15 Sep 2020|