CBRE Metropolitan Investments are thrilled to bring to market a group of 4 fully leased shops headlined by international pizza icon Dominos Enterprises Incorporate and a predominant food and beverage tenant mix.
The property at 28-30 Morphett Street, Mount Barker benefits from exceptional positioning amongst the Mount Barker township directly adjacent Mount Barker Shopping Centre (home to Kmart & Coles) and Aldi & Woolworths within 100m walk.
Mount Barker is the fastest growing residential area of Adelaide with the residential population set to grow from 33,000 to 55,000 people by 2036 representing a 67% growth over that time. Additionally, $2.8bn worth of public and private investment is anticipated for the next 20 years.
Further highlighted for your consideration is the following key investment criteria:
- 4 individual shops fully leased
- Net lettable area of 375sqm
- Tenant mix predominantly food and beverage (F&B)
- Net income estimate of $175,185pa*
- Tenants pay their proportion of statutory outgoings (excluding Land Tax), strata fees and building insurance
- Mix of CPI and fixed rental growth
- 21 shared car parks with adjoining allotment
- Urban Activity Centre Zone
For Sale by Expression of Interest (EOI) closing 14th July 2022 @ 4pm
Please contact the sole marketing agents with any other questions:
Mitch Curnow: +61 415 494 056
Harry Einarson: +61 421 747 442
