Iconic Generational Investment | 15+15 Year Net Lease to ASX-listed Seven West Media Limited

40 Port Road, Hindmarsh SA

Property Highlights

Renewed 15 + 15 year lease to 2049
3.5% fixed rent increases
Triple net - Tenant pays all outgoings
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Description

+ Renewed 15 + 15 year lease to 2049
+ Leased to ASX listed Seven West Media Limited (ASX: SWM)
+ Channel 7: broadcast partner of the AFL, Cricket Australia & the Olympics
+ Fixed 3.5% compounding annual rent increases ensuring strong rental growth
+ Favourable net lease terms with tenant responsible for all usual outgoings including Land Tax
+ Enormous exposure with 85,000+ vehicles passing daily
+ State-of-the-art facility includes Channel 7’s broadcast studios and corporate offices
+ Landmark 2,246sqm* site fronting the Adelaide Entertainment Centre
+ Hindmarsh: South Australia’s events and entertainment precinct 1.5km* from the CBD
+ Net Income: $955,029 pa* + GST

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

RLA 313040, RLA 312692 & RLA 312687

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Office
Land Size
2,246 SQM
Building Area
2,027 SQM

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