Brand New 10 Year Lease to Pets Domain in Major Large Format Retail Precinct

Description

CBRE from CBRE and CBRE SA are delighted to offer to market Pets Domain, Lot 3 Corner National Highway 1 & Power Station Road, Port Augusta SA for sale via Investment Portfolio Auction 180.

The property has the following key investment highlights:

+ Brand new 10 year lease to 2035 plus options to 2045.
+ Pets Domain: a wholly owned subsidiary of Pet Solutions International with product lines including Natures Best, 79 plus stores across Australia. (1)
+ Investor preferred net lease terms, tenant pays all usual outgoings including land tax.
+ Annual CPI rent reviews.
+ 616sqm* building with brand new Pets Domain fit-out to latest corporate standard.
+ Irreplaceable National Highway 1 (Princes Highway) position.
+ Strategic position within major large format retail precinct amongst Bridgestone, Stratco and Mitsubishi.
+ No stamp duty payable.
+ Port Augusta: key regional hub with $1.8 Billion economic output. (2)
+ Net Income: $101,640 pa* + GST

To be sold via Investment Portfolio Auction 180
10:30am AEDT Wednesday 22 October
Crown Casino, Melbourne

CBRE & Associates Victoria Pty Ltd | RLA 327401

*Approx
1. Pets Domain
2. Remplan

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Contact agents
Shaun Venables Senior Director
0411 860 865
Beau Coulter Senior Director
0413 839 898
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Port Augusta, SA

Lot 3 Corner National Highway 1 & Power Station Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 180

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