Trophy Freehold LFR Investment | No Stamp Duty Payable
249 Commercial Street West, Mount Gambier SA
Property Highlights
Description
Burgess Rawson in conjunction with Knight Frank are pleased to offer to the market Supercheap Auto, BCF & Petbarn, 249 Commercial Street West, Mount Gambier SA for sale via our Investment Portfolio Auction 165.
This investment has the following key highlights:
+ Trophy freehold LFR retail investment.
+ Renewed and extended 5 year leases to Supercheap Auto, Boating Camping Fishing (BCF) and Petbarn.
+ 93% of income secured by ASX and Nasdaq listed tenants.
+ Supercheap Auto & BCF: wholly owned subsidiaries of ASX listed Super Retail Group.
+ Petbarn: subsidiary of Greencross Limited, which is part owned by Nasdaq listed TPG Capital.
+ Strong rental growth forecast with annual CPI rent reviews.
+ Refurbished 2,485sqm* freestanding showroom incorporating Supercheap Auto, BCF and Petbarn with rear loading.
+ Additional 727sqm* in lettable area from separate F45 studio and storage sheds.
+ Proven retail site, Supercheap Auto, BCF and Petbarn all established on-site for 8+ years.
+ Landmark 10,490sqm* corner freehold site with huge 242 metre* dual street frontage.
+ High profile position with 16,150 vehicles passing daily. **
+ Important 101 on-title car spaces.
+ Future expansion, redevelopment or subdivision upside STCA.
+ Stamp duty free investment.
+ Mount Gambier: SA’s second largest urban city with a growing population of circa 30,000. ***
+ Net Income: $542,150pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne
*Approx
**GapMaps
***Future Mount Gambier
Burgess Rawson Agents
Beau Coulter (RLA 315777)
0413 839 898
Shaun Venables (RLA 313040)
0411 860 865
Sam Mercuri
0413 830 709
Knight Frank Agents (RLA199257)
Oliver Totani
0412 808 743
Jack Dyson
0448 685 593
Property Details