Brand New 12 Year Lease to Market-Leading Fuel Operator
169-171 Tapleys Hill Road, Seaton SA
+ Brand new 12 year net lease to 2033 plus options to 2063.
+ United Petroleum: Top-tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 450 sites nationally.*
+ Secure, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
+ Strong and certain rental growth with annual, fixed compounding 2.5% increases.
+ Prominent 1,980 sqm land holding with combined 93 metres of retail frontage and exposure.
+ High profile corner site along Tapleys Hill Road, a major arterial road linking Adelaide International Airport & Port Adelaide – servicing an average of 20,400+ vehicles per day.**
+ Busy convenience retail location with various high-profile tenants including Bunnings, Harvey Norman, ALDI, Reece Plumbing, Petbarn and BWS all within 1.6km.
+ Surrounded by important social infrastructure, including 11 schools within 3km servicing a combined 6,492 full time students. **
+ 1.8km away from the Westfield West Lakes, a double supermarket and DDS shopping centre anchored by Coles, Woolworths, Target, Kmart, David Jones and JB Hi-Fi – 190+ specialty stores and over 4000 car spaces.***
+ The City of Charles Sturt is the 4th largest LGA in South Australia, home to a vibrant population of 120,000 people. By 2031, the region’s population is forecast to grow 11% to 133,477. ****
+ Minimum management, essential service investment.
+ Net income: $217,715 pa
For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021
RLA 312692 & RLA 294574
****SA Government Website
*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.