Blue Chip Metropolitan Petrol Investment Secure 15 year lease to Woolworths with options to November 2026. Significant 2,862 sqm site with high profile 54.84m Marion Road frontage. Tenant pays all usual outgoings including Land Tax. Annual CPI rent reviews. Woolworths Petrol: Network of 633 petrol stations across the country with sales of $7.1billion (2013/14). Marion, SA: Significant metropolitan residential area boasting commercial and retail presence including Westfield Marion. Net Rent: $366,785 commencing November 2014 (assuming 2.12% CPI increase).
PRIME INVESTMENT Located opposite Westfield Marion Shopping Centre. Securely leased to two excellent tenants. Police Credit Union - 7 year lease. SA TAB 5 year lease. Gross annual income $140,926 plus GST (net income estimated at $125,588). Building area 402 sqm. Site area 970 sqm.
TO BE SOLD BY AUCTION ON THE PROPERTY AT 11:30AM THURSDAY 4 AUGUST 2011.