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Sold on 13 Nov 2017

24 Old Power Station Road Port Augusta SA 5700

  • Retail
  • 620 m²
  • Sold

ASX LISTED TENANT – ATTRACTIVE YIELD 8%+

  • Leased to Tradelink Pty Ltd
  • Recently renewed 5-year lease
  • High quality showroom/warehouse

24 Old Power Station Road is a fantastic leased investment located at the entrance to the rapidly growing township of Port Augusta. Recently, there has been significant investment into Port Augusta and the surrounding area in the sectors of mining, solar energy and agriculture.

More specifically, the investment offering at 24 Old Power Station Road, Port Augusta provides the following positive features:

- Net rental income of $74,000 pa*

- Lease to ASX-Listed tenant in Tradelink Pty Ltd

- Recently renewed 5-year lease expiring August 2022 with two further options to renew of 5 years each

- Located within the Flinders View Business Park with other major tenants including Bridgestone, Landmark and State Government

- Improvements of high quality showroom and high-clearance warehousing totaling 620sqm*

- Total site area of 1,717sqm* including canopy, rear access and drive through capabilities as well as bitumised car park to the front of the premises and hardstand to the rear

The recent significant investment in Port Augusta and the surrounding region includes the OZMinerals $961m copper mine set to create 500 jobs, $150m Sundrop Tomato Farm utilising state of the art desalination and environmentally sustainable practices and the SA government’s go-ahead for the construction of the Aurora Solar Energy Project circa $650m and will create over 700 jobs.

For further information, please contact:
Mitch Curnow
+61 415 494 056
Harry Einarson
+61 421 747 442

*Approx.

Property Highlights

Property ID2013843585
Date Sold13 Nov 2017
Floor Area620 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  14 Nov 2017
Map for 24 Old Power Station Road Port Augusta SA 5700
CBRE South Australia RLA 208125
Level 5 151 Pirie Street Adelaide SA 5000

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