New 5 Year Lease to one of South Australia’s Leading NDIS Equipment & Service Providers
4 Draper Street, Kadina SA
Property Highlights
Description
Burgess Rawson is pleased to offer to market ‘Novita Services’ located at 4 Draper Street, Kadina SA for sale via Auction Investment Portfolio 166.
The opportunity has the following key investment highlights:
+ New five (5) year lease to ‘Novita Services’ to 2028.
+ Two (2) further 5 year options to 2038.
+ Novita Services: established business of 80+ years and one of South Australia’s largest NDIS disability support providers.**
+ Strong rental growth forecast with annual CPI rent reviews.
+ Well maintained 356sqm* office building with current major tenant funded upgrades (circa $300,000) plus 311sqm* storage shed at rear.
+ Strategic 1,263sqm* landholding positioned amongst Kadina’s CBD and nearby national retailers including Cheap as Chips, ALDI, Pets Domain, Toyota, Hungry Jacks, McDonald’s, Kmart and Woolworths.
+ Kadina: key commercial service centre and capital of the Yorke Peninsula.
+ Copper Coast: progressive and successful municipality servicing a population in excess of 15,000 people, anticipated to grow 7% each year for the next decade.***
+ Stamp duty free investment opportunity.
+ Combined Net Income: $110,558 pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 21 February 2024
Crown Casino, Melbourne
*approx
** Novita Services
*** Copper Coast Council
Property Details