Renewed Triple Net Lease to ASX Listed Tenant
1052 Port Road, Albert Park SA
Property Highlights
Tenant pays 100% of outgoings
Stamp Duty free investment
18,488sqm landholding
Description
+ Secure 5+5+5 Year Triple Net Lease to Coates to 2036
+ Irreplaceable 18,488sqm with combined street frontage of over 277 metres
+ Coates: owned by ASX-listed Seven Group Holdings (ASX:SVW) with a market cap of $8.75billion
+ Tenant pays 100% of outgoings including land tax
+ Gross Building Area of 6,718sqm with significant capital upgrade recently undertaken
+ Pandemic proof tenant, identified as essential business.
+ Longstanding tenant in occupation since 1998
+ Albert Park: established suburb midway between Port Adelaide and the Adelaide CBD
+ Net Income: $578,668 pa + GST
For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021
RLA 312687 & RLA 313040
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Warehouse/Showroom
Land Size
18,488 SQM
Building Area
6,718 SQM