89 Military Road West Beach SA 5024
- Shop & Retail
- 320 m²
- Expressions of Interest
PREMIUM LOCATION SUITING SAS MOST PREMIUM TENANT
- High profile tenant
- Phenomenal beach-side location
- Significant land holding
CBRE are proud to present this property as a part of the On The Run portfolio comprising 4 properties.
89 Military Road, West Beach is perfectly positioned on the main thoroughfare between Adelaides CBD and the gorgeous West Beach which sits less than 200m away. The site services the enormous catchment area of beach-side residents as well as commuters venturing to and from the beach every weekend. The holding has an impressive 3-street frontage giving great access to hundreds of daily customers.
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.
LESSEE: On The Run Pty Ltd
TERM: 15 years commencing 1 March 2020
OPTIONS: 10x5 years
INITIAL RENT: $235,905 pa* net with annual 2.75% fixed reviews.
PROPERTY PORTFOLIO OPTION:
89 Military Road, West Beach SA 5024
303 Glen Osmond Road, Glenunga SA 5064
1 Mildred Street, Kapunda SA 5373
591 Grand Junction Road, Gepps Cross SA 5094
Expressions of Interest close 4pm Thursday 8th October 2020 (ACDT)
EXPRESSION OF INTEREST
|Closing date and time||08/10/2020 04:00|
|Recipient name||Ask Agent|
|Floor Area||320 m²|
|Land Area||1,936 m²|
|Parking||On site parking available|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||11 Sep 2020|