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147-155 Bedford Street
Gillman SA 5013
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Sold on 28 Jan 2022

147-155 Bedford Street Gillman SA 5013

  • Factory, Warehouse & Industrial
  • 436 m²
  • Sold

High yielding investment with future development upside (STCC)

  • 10,396m²* site on one Title
  • Massive exposure to PREXY & Bedford St
  • 100% leased until December 2027

147-155 Bedford Street, Gillman is strategically positioned in the heart of Adelaide's inner-northern industrial market, with direct exposure to the Port River Expressway (PREXY) and extensive exposure to Bedford Street.

Centrally located in Gillman a premium industrial suburb, the site is only 12 kilometres* north of the Adelaide CBD. The site has exceptional transport connectivity to a wide range of major roads, as well as easy access to the port and rail infrastructure.

Large irregular shaped allotment of 10,396 square metres* (1.039ha*) in a premium location within the versatile Strategic Employment zone within the City of Port Adelaide Enfield.

This long-leased investment offers investors security of tenure for the next 6 years with good income and locked in growth as well as the longer-term development upside. Limited improvements on the site support the current tenants' functions as a transport depot and allow future development at lease expiry. The site is fully leased to Malec Qld Pty Ltd until December 2027. The tenant pays all outgoings, and the site produces a net income of $140,000 per annum net. Currently increasing to $145,000 per annum net in December 2021, with CPI increases thereafter until the market review at renewal. The tenant has the right to a further 5-year term at renewal.

For Sale by Expressions of Interest closing Thursday 30 September 2021 at 4pm.

For more information or to arrange an inspection, please contact the exclusive listing agents.

*Approximately.

Colliers International Adelaide
Colliers International Adelaide
Level 9, 121 King William Street
Adelaide, SA 5000

Property Highlights

Date Sold28 Jan 2022
Floor Area436 m²
Land Area1.04 ha
ParkingOn site parking available
Property ID2017222075
Category
Last updated  31 Jan 2022
Map for 147-155 Bedford Street Gillman SA 5013

Nearest transport* to 147-155 Bedford Street Gillman SA 5013

Bus
Stop 35A Eastern Pde - East side622 m
Stop 35A Eastern Pde - West side646 m
Stop 36 Bedford St - South side726 m
Stop 36 Bedford St - North side745 m
This data is sourced on 26/11/2024 from Department for Infrastructure and Transport, South Australia, Adelaide Metro General Transit
*Within a 4km radius
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Colliers International Adelaide
Colliers International Adelaide
Level 9, 121 King William Street
Adelaide, SA 5000

Property Highlights

Date Sold28 Jan 2022
Floor Area436 m²
Land Area1.04 ha
ParkingOn site parking available
Property ID2017222075
Category
Last updated  31 Jan 2022

Co-Agents

Paul Tierney
Paul Tierney
Colliers International Adelaide
Call
+61 401 145 028
Tom Barrett
Tom Barrett
Colliers International Adelaide
Call
+61 417 827 449

More about 147-155 Bedford Street Gillman SA 5013

147-155 Bedford Street Gillman SA 5013 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 436 m² and a land area of 1.04 ha. The listing ID for this property is 2017222075.

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