Burgess Rawson are pleased to offer to the market 287 Kensington Road, Marryatville (Kensington Park) SA for sale via Auction Investment Portfolio 172. + Brand new 16 year lease to 2040 plus options through to 2075 + Guaranteed rental growth with annual fixed 3.5% rent increases + Tenant pays ‘multiple holding’ land tax + Rare triple net lease structure, with tenant responsible for all rates, multiple holding land tax, building insurance +Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment). + Viva Energy (ASX: VEA): blue-chip $4.51 billion* ASX200 company recently purchasing Coles Express & OTR making Viva Energy Australia’s leading convenience retail with 1,500 sites nationally (1) + OTR: leading convenience retailer generating $3 billion in revenue annually, with 200+ sites across Australia, licenses for QSR’s including Hungry Jack’s, GyG, Subway & Oporto (2) + Major 4,245sqm*main road site with 68 metre* frontage + Significant 365sqm* convenience retail includes Subway plus Automatic and manual wash bays + Significant taxation saving depreciation + Strategic home-bound position with 52,200* vehicles passing daily (3) + Darlington: 10km* to Adelaide CBD, catchment population to grow to 220,000 by 2041 + Located 3.5km from Westfield Marion, a triple supermarket shopping centre anchored by Coles, Woolworths, ALDI, Big W, Bunnings, Target, Dan Murphy’s, KFC, Testra and complimented by over 220 specialty retailers and 725 car parking spaces. + Close to Flinders Private Hospital, Flinders University (circa 26,000 students) and Tonsley TAFE campus. + South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (4) + Stamp duty free investment + Rent: $330,996 pa* + GST For Sale by Portfolio Auction Investment 172 10:30am AEDT Wednesday 30 October 2024 River Room - Crown Casino, Melbourne Contact the exclusively appointed agent for more information. Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401 Raoul Holderhead 0413 860 304 Jamie Perlinger 0413 860 315 Leedwell Property Pty Ltd | RLA 222531 Mitch Curnow 415 494 056 * Approx 1. Viva Energy 2. OTR/Viva 3. Gapmaps 4. Commsec State of States Report
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street, Melbourne, Vic
Leedwell Property (RLA 222531) - ADELAIDE
Level 1, 16 Hutt Street, Adelaide, SA
Property ID: 504702292