Prime Freehold – Leased to Global Giant | New 10 + 5 + 5 Year Net Lease to 2040

Description

+ Secure 10 year net lease to 2030
+ Two further 5 year options to 2040
+ Wattyl Paints: wholly owned subsidiary of NYSE listed Sherwin Williams Fortune 500 Co with a market cap of USD$17.98 billion
+ Longstanding tenancy with tenant in occupation 20+ years
+ Attractive 3.5% pa rent increases with ratchet provisions at market review ensuring growth
+ Tenant pays all usual outgoings including land tax
+ Strategic 307sqm retail showroom with triple street frontage totalling 85 metres
+ Irreplaceable 855sqm main road site with 14 on-site car spaces
+ Port Adelaide: port side capital growth suburb, undergoing significant transformation and gentrification
+ Net Income: $100,000 pa + GST

For Sale by Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021

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Contact agents
Adam Thomas Partner | Managing Director QLD
0418 998 971
Shaun Venables Partner
0411 860 865
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Port Adelaide, SA

222-226 Commercial Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 142

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