Brand New Total Tools Investment | New 10 Year Lease – Metcash Guaranteed
49 Seaford Road , Seaford Meadows SA
Property Highlights
Description
Burgess Rawson, in conjunction with CBRE Adelaide, are pleased to offer to the market 49 Seaford Road, Seaford Meadows (Adelaide) SA for sale via Investment Portfolio Auction 157.
The property has the following investment highlights:
Brand new 10 year lease to November 2032 plus options to 2042.
+Total Tools: majority owned by Metcash, Australia’s leading distribution and marketing company with a market cap of $3.87 billion.**
+Investor-preferred net lease structure with Total Tools paying all outgoings excluding Land Tax.
+Annual fixed compounding 2.4% rent increases – ensuring rental growth.
+Impressive 3,489 sqm freehold with 45 car parking spaces on-title.
+Newly constructed (2022) 1,691 sqm building offering substantial tax depreciation benefits
+Ideally positioned amongst complementary tenants including Bunnings and Kennards, and within metres of Seaford Meadows growing industrial precinct.
+City of Onkaparinga: SA’s most populated metro LGA, home to more than 174,500 residents between McLaren Vale & Adelaide.***
+Net Income: $299,345 pa* + GST
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 7 December 2022
Crown Casino, Melbourne VIC
*approx.
**ASX
***Profile.id
Property Details