New 8 Year Triple Net Lease to ASX Listed Tenant
18-24 Kesters Road, Para Hills SA
Property Highlights
Description
+ Renewed 8 year lease to Jan 2029 plus 8 year option to 2037
+ 4,000 sqm landholding with 40 metre frontage and exposure
+ Leased to wholly owned subsidiary of ASX listed AMA Group Limited with 182 locations across Australia and New Zealand and $1 billion+ annual revenue
+ 1,672 sqm state-of-the-art facility with numerous features and capital intensive upgrades including underground rainwater tanks, precast concrete boundary fences, automatic RSDs, heavy duty hard stand and more.
+ Fixed 2.5% rent increases ensuring rental growth
+ Tenant pays all usual outgoings including single holding Land Tax and Management Fees
+ Para Hills: established commercial and residential suburb 12kms from both Adelaide CBD and Port Adelaide
+ Net Income: $220,000 pa + GST
To be sold by Burgess Rawson Investment Portfolio Auction
Tuesday 10th August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
RLA 293472
Property Details