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.
