Burgess Rawson, together with Ray White and McGees Property Adelaide are delighted to offer to the market Deluxe Powder Coating at 2/35 Eastern Parade, Port Adelaide SA for sale via Investment Portfolio Auction 173. The property has the following investment highlights: + New Five (5) year lease to Deluxe Powder Coating to October 2029 plus options to 2034. + Deluxe Powder Coating: well-established and local protective metal finishing specialist, in operation for 10+ years. + Impressive 1,025sqm* high clearance showroom and warehouse incorporating office and staff amenities. + Important 40ft container loading capability for truck import and exports. + Brand New 2024 construction, providing maximum tax saving depreciation benefits. + Landlord favourable net lease terms with tenant paying all outgoings including management fees. + Fixed 3.5% annual rent increases ensuring income growth. + Key transport location, with frontage to Port River Expressway (38,300 vehicles passing daily)** and direct connectivity to the North-South Motorway and Harbor Port. + Directly adjacent to Ampol and located in a tightly held 'core' industrial precinct, neighbouring Visy and only 750 metres* from the Port. + Port Adelaide: Port City and commercial hub only 14kms* from Adelaide CBD. + City of Port Adelaide Enfield: South Australia's 3rd largest LGA, with population of 138,585 residents and a GRP of $11.19 billion.*** + Industries in the Port Adelaide Enfield region including Transport/Warehousing and Wholesale Trade have increased $877 million and $216 million respectively.*** + Stamp Duty Free investment, no stamp duty payable on commercial property in South Australia. + Net Income: $167,500 pa* + GST. *Approx **GapMaps ***Port Adelaide Enfield For further information, please contact the selling agents below: Burgess Rawson & Associates Victoria Pty Ltd - RLA 327401 Shaun Venables 0411 860 865 Romanor Falconer 0413 830 808 Beau Coulter 0413 839 898 Immobiliare (SA) Pty Ltd T/A RWC Adelaide - RLA 332186 Oliver Totani 0412 808 743 McGees (S.A.) Pty Ltd - RLA 1722 Andrew Wilson 0450 965 633
McGees Property - Adelaide (RLA 1722)
Level 10/60 Waymouth Street, Adelaide, SA
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street, Melbourne, Vic
Immobilie ID: 504737732