High Profile Freehold Investment | Secure Leases to Listed Tenants


+ New 5 year lease to Dulux to December 2025 + options to 2035
+ 5 year lease to Cash Converters to September 2024 plus options to 2029
+ Dulux Group: wholly owned by listed Japanese paint giant Nippon Paint Holdings Co following acquisition in 2019 for $3.8 billion
+ Cash Converters: wholly owned by Cash Converters International Ltd – ASX listed with 700 stores trading across 16 countries worldwide
+ Fixed 3% rent increases ensuring rental growth
+ Tenants pay usual outgoings including management fees
+ Well presented 1,132sqm buildings incorporating two showrooms and a 130sqm of rear storage
+ Large 3,718sqm landholding dual access and 26 car spaces on-title
+ Morphett Vale: South Australia’s largest suburb, 20km south from Adelaide CBD
+ Net Income: $229,335 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021

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Contact agents
Adam Thomas Partner | Managing Director QLD
0418 998 971
Shaun Venables Partner
0411 860 865
Enquiry Form

Morphett Vale, SA

121 Main South Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 143

Contact agents