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29 Kernich Street Renmark West SA 5341

  • Factory, Warehouse & Industrial
  • 5,956 m²
  • Expressions of Interest

LONG WALE ASAHI BEVERAGES PROCESSING PLANT

  • Lease Expiry Oct 2027 & Aug 2032
  • Major Fruit Process & Cold Storage
  • Blue Chip Covenant

CBRE is pleased to offer to market both; 29 Kernich Street, Renmark West & 38 Kuhlmann Road, Old Calperum.

The portfolio represents a secure opportunity to acquire two premium assets located in Renmark West & Old Calperum, South Australia's premier citrus region.

Ideally located in the heart of Australia's premium Citrus farming region, allowing The Better Drinks Company to manufacture its bottled range close to the fresh fruit source more cost effectively. The location is critical for The Better Drinks Company's long-term security of fruit supply.

Amongst other attributes, the portfolio comprises the following investment highlights being;

- Securely leased to The Better Drinks Co Pty Ltd (subsidiary of Asahi Beverages).
- Long term leases with expiry dates of October 2027 and August 2032 respectively, with further option periods thereafter.
- Strong blue-chip tenant with attractive net leases.
- 5,956 sqm (approx.) total Gross lettable area.
- 46,378 sqm (approx.) total site area with low site coverage ratio for future expansion.
- Combined rental of $764,364 per annum net (approx.)

The properties locations of;
29 KERNICH STREET, RENMARK WEST
38 KULMANN ROAD, OLD CALPERUM

For sale by an Expressions of Interest closing 4.00pm (ACST) Thursday 19th May 2022.

EXPRESSION OF INTEREST

Closing date and time19/05/2022 04:00
Recipient nameAsk Agent
Delivery addressCBRE
Jordan Kies
CBRE South Australia RLA 208125
Jordan Kies
CBRE South Australia RLA 208125
Anthony De Palma
CBRE South Australia RLA 208125
Anthony De Palma
CBRE South Australia RLA 208125

Property Highlights

Floor Area5,956 m²
Land Area4.64 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017748535
Category
Last updated  21 Apr 2022
Map for 29 Kernich Street Renmark West SA 5341
Jordan Kies
CBRE South Australia RLA 208125
Jordan Kies
CBRE South Australia RLA 208125
Anthony De Palma
CBRE South Australia RLA 208125
Anthony De Palma
CBRE South Australia RLA 208125

Property Highlights

Floor Area5,956 m²
Land Area4.64 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017748535
Category
Last updated  21 Apr 2022
Level 5 151 Pirie Street Adelaide SA 5000
Jordan Kies
Jordan Kies
CBRE South Australia RLA 208125
Anthony De Palma
Anthony De Palma
CBRE South Australia RLA 208125
Jordan Kies
Jordan Kies
CBRE South Australia RLA 208125
Anthony De Palma
Anthony De Palma
CBRE South Australia RLA 208125

Jordan Kies

CBRE South Australia RLA 208125

Anthony De Palma

CBRE South Australia RLA 208125

0408 *** ***
0408 332 069

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