Salvos, 1/418 Magill Road, Kensington Gardens, SA 5068

Burgess Rawson, together with Leedwell Adelaide, are pleased to offer to market the Salvation Army Australia (Salvos) at 1/418 Magill Road, Kensington Gardens SA for sale via Private Sale.  

This investment has the following key highlights:

+ 10-year lease to Salvos to 2028 plus options to 2043. 
+ Salvation Army Australia: 140+ year old ‘Government funded’ retailer with over 400 stores nationally.**
+ Versatile 202sqm* premises integrated with ‘Salvos owned and occupied’ lots 2 & 3 since 1994.
+ As part of a significant 2,155sqm* parent title with high underlying land value, incorporating 22 car spaces and rear loading bays. 
+ Compounding, fixed 3.5% annual rent increases, ensuring income growth. 
+ Tenant pays usual outgoings excluding land tax. 
+ Key Magill Road location with 23,000 vehicles passing daily*** an important arterial link connecting the inner eastern suburbs to the Adelaide CBD. 
+ Situated in the heart of Kensington’s retail precinct with ALDI, BP, Anytime Fitness, Nido Early Learning, and the Firle Plaza anchored by Coles and Kmart all within 1km.*
+ Stamp duty free investment, no stamp duty payable on commercial property in South Australia. 
+ Kensington Gardens: affluent inner eastern suburb, only 5km* from the Adelaide CBD with a median house price of $1,615,000.****
+ City of Burnside: one of Adelaide’s most established residential LGA’s, home to 47,444 residents supporting 19,903 jobs and an annual economic output of $6.23bn.***** 
+ Adelaide Growth Masterplan: the SA Government’s 30-year vision to accommodate an additional 670,000 residents by 2051, building 315,000 new homes to support economic and population growth. ******
+ Net Income: $95,280 pa* + GST.

For sale via Private Sale

Burgess Rawson & Associates Victoria Pty Ltd - RLA 327401
Leedwell - RLA 222531

*Approx
**The Salvation Army Australia
***GapMaps
****Realestate.com.au
*****Remplan
******Greater Adelaide Regional Plan