IKEA State Distribution Facility – Position Perfect Next to Adelaide Airport
91 Transport Avenue, Netley SA
Property Highlights
IKEA P/L: Owned by Ingka Group
Renewed Lease plus option
6,520sqm facility on 12,486sqm site
Description
+ Renewed 4 year lease to November 2025 plus options to 2029
+ IKEA Pty Ltd: owned by Swedish furniture giant Ingka Group
+ Important facility servicing South Australia’s IKEA outlets and seasonal stock surges
+ Fixed 2.5% annual rent increases ensuring rental growth
+ Large 6,520sqm high clearance (10m+) office/warehouse facility plus canopy and hardstand
+ Substantial 12,486sqm landholding
+ Strategic position with key logistics hub adjacent the Adelaide Airport east expansion
+ Net Income: $596,621 pa*
For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Industrial
Land Size
12,486 SQM
Building Area
6,520 SQM