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214-216 Portrush Road Trinity Gardens SA 5068

  • Retail
  • 3,661 m²
  • Expressions of Interest

Dominant & Imposing fully leased investment opportunity

  • 2 great tenants: Spotlight & Pharmacy
  • WALE 7.87 years
  • $805k estimated Net income

Just 4 km east of the Adelaide CBD, 1km north of Norwood Town Centre. Situated on the eastern side of Portrush Road 100 m north of Magill Road intersection in the suburb of Trinity Gardens. Portrush Road is a major arterial road with over 36,000 vehicles passing daily and traverses north south connecting directly with the M1 Princess Highway.

Fully leased on completion late 2016 to Spotlight Pty Ltd trading as Spotlight for 12+ years and MJC Pharma Pty Ltd trading as the Trinity Gardens Pharmacy for 7+ years.
A dominant structure of solid high quality build completed by Pascale Construction. Thoughtfully designed by Matthews Architects utilising precast painted concrete panels with allowance for the future installation of windows as required, high grade powder coated aluminium shopfronts and quality internal finishes inclusive of LED lighting and polished concrete floors. The first floor is serviced by two large lifts for customers and deliveries, leased to Spotlight. The ground floor provides for lobby and access to Spotlight and a tenancy occupied by the Trinity Gardens Pharmacy.

With such strong investment attributes (WALE 7.87 Years) Leedwell have no hesitation in recommending serious consideration by those seeking an outstanding long term investment.

EXPRESSION OF INTEREST

Closing date and time12/03/2020 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Property ID2016070473
Floor Area3,661 m²
Land Area4,216 m²
Parking91 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  11 Feb 2020
Map for 214-216 Portrush Road Trinity Gardens SA 5068
Map for 214-216 Portrush Road Trinity Gardens SA 5068214-216 Portrush Road Trinity Gardens SA 5068
Leedwell Property
136 Greenhill Road Unley SA 5061

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