Long 6.37 year WALE | Dominant Large Format Retail Centre
838 Marion Road, Marion SA
Property Highlights
Description
Burgess Rawson together with JLL Adelaide are pleased to offer to the market 838 Marion Road, Marion (Adelaide) SA for sale via Expressions of Interest.
The property has the following key highlights:
+ 100% occupied large format retail investment with strong occupancy history.
+ Long 6.37 year WALE by income.
+ Long 10 & 12 year leases to nationally recognised brands including 99 Bikes, X-Golf, Toymate and Revo Fitness.
+ Guaranteed rental growth, with annual increases ranging from CPI to 4%.
+ Diverse investment with 10 individual income streams.
+ Prime 6,086sqm* freehold landholding with important 68 on-title car spaces.
+ Significant and well-presented 5,929sqm* majority two level freehold building.
+ Strategic position in dominant and tightly held Marion Road retail precinct, with low vacancy rates.
+ High profile Marion Road site with 43,800 vehicles passing daily. (1)
+ Desirable retail position amongst Harvey Norman, Officeworks, The Good Guys and Fantastic Furniture.
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (2)
+ Marion: metro suburb only 9km* south-west of the Adelaide CBD.
+ Net Income: $1,102,433pa* + GST (as at 1 June 2024)
For Sale via Expressions of Interest:
Closing 4:00pm (ACST) Wednesday 10 April 2024
*Approx
1. GapMaps
2 CommSec State of States Report
Burgess Rawson Agents (RLA 327401)
Beau Coulter – 0413 839 898
Shaun Venables – 0411 860 865
Zomart He – 0488 220 830
JLL Adelaide Agents (RLA 1842)
Ben Parkinson – 0407 710 389
Claudia Brace – 0420 546 770
Property Details