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28-30 Osmond Street
Kingscote SA 5223
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Sold on 24 Mar 2015

28-30 Osmond Street Kingscote SA 5223

  • Factory, Warehouse & Industrial
  • 7,908 m²
  • Sold, $4,300,000

Metcash Anchored Retail Centre. Circa 10% Yield Anticipated.

Metcash guaranteed lease to 2020 + opts to 2035.
Highly successful supermarket with long standing annual turnover growth
from captive market.
90% income from supermarket with 3% pa rent increases.
Includes 4 other retail/commercial tenancies.
Value add and additional development opportunities on 7,900 sqm* of land
with 65 parking spaces.
Metcash - $13.25 billion in sales 2013/14.
Net Income: $417,000 pa*.

Private Treaty Offers Closing 3pm AEDT Thursday 26 February 2015
Unless Sold Prior

Michael Gilbert 0430 024 790
Dean Venturato 0412 840 222

Property Highlights

Date Sold24 Mar 2015
Sold Price$4,300,000
Floor AreaAsk Agent
Land Area7,908 m²
ParkingAsk Agent
Property ID2011671715
Category
Last updated  24 Mar 2015
Map for 28-30 Osmond Street Kingscote SA 5223

Property Highlights

Date Sold24 Mar 2015
Sold Price$4,300,000
Floor AreaAsk Agent
Land Area7,908 m²
ParkingAsk Agent
Property ID2011671715
Category
Last updated  24 Mar 2015
Level 11.02, 9 Castlereagh Street Sydney NSW 2000