Secure 10 Year Lease to The South Australian Government

+ Secure 10 year lease to May 2029 plus option to 2032.
+ Department for Child Protection: Minister for Transport, Infrastructure & Local Government.
+ Strong and certain rental growth with annual, fixed compounding 2.5% increases.
+ Prominent 446 sqm landholding with 58.2 metre triple-street frontage and exposure.
+ Well-presented 385 sqm building, extensively refurbished and upgraded in 2019.
+ Prime CBD position amongst Woolworths, ALDI, Target and McDonald’s
+ Kadina: Commercial service centre and capital of the Yorke Peninsula
+ Minimum management, essential service investment.
+ No Stamp Duty payable in South Australia
+ Net Income: $111,208.56pa + GST (as at May 2022)

To be sold by Investment Portfolio Auction: 
10:30am AEDT
Wednesday 15 December 2021
Crown Casino, Melbourne

*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. 

RLA 293473