222-226 Commercial Road Port Adelaide SA 5015

Shop & Retail
307 m²
Sold

Prime Freehold Leased to Global Giant | New 10 + 5 + 5 Year Net Lease to 2040

+ Secure 10 year net lease to 2030
+ Two further 5 year options to 2040
+ Wattyl Paints: wholly owned subsidiary of NYSE listed Sherwin Williams Fortune 500 Co with a market cap of USD$17.98 billion
+ Longstanding tenancy with tenant in occupation 20+ years
+ Attractive 3.5% pa rent increases with ratchet provisions at market review ensuring growth
+ Tenant pays all usual outgoings including land tax
+ Strategic 307sqm retail showroom with triple street frontage totalling 85 metres
+ Irreplaceable 855sqm main road site with 14 on-site car spaces
+ Port Adelaide: port side capital growth suburb, undergoing significant transformation and gentrification
+ Net Income: $100,000 pa + GST

For Sale by Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021

AUCTION

Auction date and time	24/02/2021 11:00
Auction location	222-226 Commercial Road, Port Adelaide SA

Property Highlights

Date Sold	27 Apr 2021
Floor Area	307 m²
Land Area	855 m²
Parking	Ask Agent
Property ID	2016773531
Category	Shop & Retail Showrooms / Bulky Goods
Last updated	25 Feb 2021

Map for 222-226 Commercial Road Port Adelaide SA 5015

Property Highlights

Date Sold	27 Apr 2021
Floor Area	307 m²
Land Area	855 m²
Parking	Ask Agent
Property ID	2016773531
Category	Shop & Retail Showrooms / Bulky Goods
Last updated	25 Feb 2021