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Long 10 Year Net Lease to Total Tools – Immaculate 2019 Showroom

1/29 Mount Barker Road , Mount Barker SA

Property Highlights

10 + 10 Year Net Lease to 2039
Immaculate 2019 Showroom
Strategic Rapid Growth Location

Description

+ Long 10 year Lease to April 2029 plus 10 year option to 2039
+ Total Tools: National network of 94 stores established over 30 years
+ Fixed 3% rent increases ensuring income growth
+ Tenant pays all usual outgoings including management fees
+ Immaculate 2019 building incorporating showroom with rear loading and abundant parking
+ Excellent tax saving depreciation benefits
+ Commanding high exposure site within emerging commercial precinct and amongst numerous complementary national brands
+ Mount Barker: Booming growth region 30 minutes from Adelaide with the population forecast to increase 47% to 56,710 by 2036
+ Net Income: $237,523 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 15 December 2021
River Room, Crown Casino, Melbourne

RLA 293472

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
1,207 SQM
Building Area
1,207 SQM

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