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Long 12 Year Net Lease to Global Gas Conglomerate, Linde Group

138 Norrie Avenue , Whyalla SA

Property Highlights

12 yr lease to 2027 + options to 2037
BOC pays all outgoings incl Land Tax
No stamp duty payable
Register to Bid

Description

+ Twelve (12) year lease to October 2027 plus options to 2037.
+ BOC Ltd: wholly-owned subsidiary of Fortune 500 Linde Group, the world’s largest industrial gas company by market share/revenue.
+ Investor preferred net lease terms with BOC responsible for all outgoings including building insurance and land tax.
+ Annual CPI reviews with most recent Adelaide All Groups at 2.8%.
+ Immaculate 616sqm building constructed 2015 incorporating office, showroom, warehouse, canopy, and expansive hardstand.
+ Significant tax saving depreciation benefits with 25% of first years rent potentially tax free.*
+ Commanding 3,838sqm corner site with 108 metre dual frontage including 66 metres to Lincoln Highway.
+ Important store servicing expansive area – nearest BOC Gas & Gear store 290kms.
+ Strategically located in key industrial precinct amongst Coates Hire, Blackwoods, Tradelink, Mitre 10, Bridgestone, Komatsu & Beaumont Tiles.
+ 3km from Whyalla regional airport which is currently undergoing $12m upgrade – serviced by Qantas Link & REX.
+ Whyalla: port city and important iron ore export hub with $949m GRP supported also by thriving fishing and tourism industries.
+ Net Income: $189,357pa + GST**

For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

*Napier & Blakeley
**Assumed CPI increase as per most recent Adelaide All Groups.

RLA 293472

Property Details

Listing
Sale
Current Tenant
Tenanted
Land Size
3,838 SQM
Building Area
616 SQM

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