SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Prized Fully Leased Shopping Centre

1-9 Torrens Street , Victor Harbor SA

Property Highlights

Anchored by Drakes Supermarket
Strong 7.76 year WALE
Prime 6,461 sqm landholding

Description

+Trophy shopping centre asset with 7.67* year WALE.
+Anchored by South Australian supermarket chain Drakes: Established 1974 with 60 stores across SA 7 QLD.
+Modern supermarket plus 4 shops including Godfreys, ECH Independent Aged Care, dental surgery and hair salon plus additional leased first floor residential apartment with ocean views.
+Stamp duty free investment.
+Prime 6,461sqm* corner landholding with combined 170 metre frontage and exposure.
+106 sealed and lined car spaces on-title.
+Strategically located directly opposite McDonalds, close to Victor Central Shopping Centre anchored by Woolworths, Big W and Kmart.
+51 metres* of exposure to Torrens Street, a major arterial road with 15,600 vehicles daily.**
+Surrounded by important social infrastructure, including 4 schools and tertiary education facilities in a 3km radius servicing 2,582 full time students.**
+City Council of Victor Harbor: Fast growing coastal region, with residential population forecast to grow 32.73% by 2031.***
+Seasonal tourist population surges, attracting 1.2 million annual visitors who inject $163 million into the local economy each year.****
+Net income $398,100 pa + GST (June 2022)

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino – River Room

*approx
** Gapmaps
*** Victor Harbor Economic Profile Summary Report
****Victor.sa.gov.au

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents. 

Burgess Rawson Agents
Shaun Venables 0411 860 865
RLA 293473
Adam Thomas 0418 998 971
RLA 293472
Beau Coulter 0413 839 898
RLA315777

Knight Frank (RLA 199257)
Oliver Totani 0412 808 743
Jack Dyson 0448 685 593

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
6,462 SQM
Building Area
2,420 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights