Long Term Leased Investment to 2022 + 7 years - Long standing tenant trading as Priceline Pharmacy
- Net income $137,500 pa** plus bonus income
- Next review September 2016
- Regular rental reviews
- Building area of 393sq m*
- Land area of 919sq m*
- Zoned Neighbourhood Centre - Policy Area 23 Precinct 18
- Attractive Yield
Offers to Purchase close Thursday 21 April 2016 at 4.00pm.
Woolworths Limited leased investment Fully leased to Woolworths Limited until 2026 plus options. Annual CPI rent reviews. Woolworths pay all usual outgoings including Land Tax. Commanding 2,408 sqm site with 50 metres of frontage and exposure. Recently upgraded to Woolworths latest corporate design. Main South Road: Gateway to Adelaide's southern residential growth area. Woolworths Limited: AAA Tenant with 633 petrol stations across Australia. Net passing rent of $395,388 pa plus GST (as at Dec 2014 assuming 2.5% CPI Review) is reset to $275,000 pa plus GST from Dec 2016.
Located on a highly exposed corner landmark site with dual frontage to Seacombe Road and Davenport Terrace lies this attractive building which has been updated and maintained to the highest standard.
It provides a prominent and valuable corporate image without compromise to be easily transformed to an open plan layout or reconfigured to suit whatever requirements your business needs (see below zoning extract for permissible uses of this flexible zoning).
Features to the existing layout and improvements include:
Trott Park Shopping Centre Modern shopping centre of brick construction, located approximately 21 kilometres south of the Adelaide CBD and situated in a residential enviromnet to serve the needs of nearby residents.
* 6 tenancies including IGA Supermarket * Total net income $199,576 * Building area 869sq m * Site area 3,278sq m
To be sold by auction at 11.00am on Thursday 20 November 2014 at the Crowne Plaza Hotel, Hindmarsh Square, Adelaide SA (unless sold beforehand).