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303 Glen Osmond Road Glenunga SA 5064

  • Shop & Retail
  • 242 m²
  • Expressions of Interest

PASSIVE LONG-TERM INVESTMENT TO HIGH PROFILE TENANT

  • Market dominating tenant
  • Strong lease covenant
  • Rare long-term income security

CBRE are proud to present this property as a part of the On The Run portfolio comprising 4 properties.

303 Glen Osmond Road, Glenunga is located in Adelaides affluent South-East, OTR Glenunga is the first service station and convenience retailer en route from the CBD to the Adelaide Hills. Surrounded by many complimentary retailers, this service station is a significant offering just on the edge of the Adelaide CBD.

OTR (On The Run Pty Ltd) is the largest private employer (3,500 employees*) in South Australia and is a part of the Peregrine Group of companies making it a part of the 11th largest private company in Australia despite only operating out of SA. OTR started with a humble investment in Adelaides North-Western suburbs in 1984 and has swiftly grown to own over 150 sites.

The property can be acquired as a single investment or within a portfolio of four Service Stations.

INVESTMENT HIGHLIGHTS:

LESSEE: On The Run Pty Ltd

TERM: 15 years commencing 1 March 2020

OPTIONS: 10x5 years

INITIAL RENT: $330,404 pa* net with annual 2.75% fixed reviews.

PROPERTY PORTFOLIO OPTION:
303 Glen Osmond Road, Glenunga SA 5064
89 Military Road, West Beach SA 5024
1 Mildred Street, Kapunda SA 5373
591 Grand Junction Road, Gepps Cross SA 5094

Expressions of Interest close 4pm Thursday 8th October 2020 (ACDT)

*approximately

EXPRESSION OF INTEREST

Closing date and time08/10/2020 04:00
Recipient nameAsk Agent
Delivery addressCBRE

Property Highlights

Property ID2016479514
Floor Area242 m²
Land Area1,646 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  11 Sep 2020
Map for 303 Glen Osmond Road Glenunga SA 5064
Map for 303 Glen Osmond Road Glenunga SA 5064303 Glen Osmond Road Glenunga SA 5064
CBRE South Australia RLA 208125
Level 5 151 Pirie Street Adelaide SA 5000

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