Dominant Metro Adelaide Investment | Zero Stamp Duty Payable
1-7 Port Road , Queenstown SA
Property Highlights
Description
+ Strong 15-year net lease to 2034 plus options to 2054.
+ United Petroleum: Top tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 465 sites nationally.**
+ Strong and certain rental growth with annual fixed, compounding 3% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings excluding Land Tax.
+ Constructed in 2019, offering modern, state-of-the-art infrastructure and taxation saving depreciation benefits.
+ Gateway 2,200sqm* freehold corner site with over 32,000 vehicles passing daily.***
+ 83m* of frontage and exposure to Port Road, a major arterial road linking Port Adelaide and Queenstown to the Adelaide CBD.
+ Bunnings, Coles, Harvey Norman, Spotlight, Coates, McDonald’s, Hungry Jack’s, Drakes, Petbarn, BCF, Tyrepower, Reece Plumbing and various car dealerships all within 1.6km*.
+ Surrounded by important social infrastructure, including Alberton Oval, the Queen Elizabeth Hospital and 17 schools within 3km* servicing over 8,500 full time students.***
+ South Australia’s 3rd Largest LGA (pop. of 134,000****), the City of Port Adelaide Enfield generates $10.41 billion in Gross Regional Product (GRP) with an estimated 81,779 jobs in the area.*****
+ Queenstown: Strategic Metro-Adelaide location just 11km* northwest of Adelaide CBD.
+ Zero stamp duty payable.
+ Minimum management, essential service investment.
+ Net Income: $379,383 pa* + GST
To be sold by private treaty
*Approximately
** United Petroleum
*** Gapmaps
****Social.id
***** Economy.id
Property Details