87-89 Essington Lewis Avenue, Whyalla, SA 5600

Burgess Rawson is pleased to offer to the market 87-89 Essington Lewis Avenue, Whyalla SA, for sale via our Investment Portfolio Auction 171.

This investment has the following key highlights:

+ Fully leased investment opportunity across five longstanding retailers. 
+ Anchored by Azzopardi Butchers, a century long business established in the 1920's and successfully operated by fifth generation owners.
+ Investor preferred net lease terms with tenants responsible for all usual outgoings.
+ Favourable annual CPI reviews across all tenancies. 
+ Well maintained two level freehold incorporating butcher, retail, legal service and disability employment tenancies.  
+ Prominent 1,623sqm* two level freehold LAC zoned landholding with 40m* frontage to Essington Avenue and important ROW access at rear of building.  
+ Strategically located directly opposite Foodland Shopping Centre. 
+ Absolute CBD location with ALDI, BCF, Supercheap Auto, Spotlight and the Woolworths-anchored Westland Shopping Centre all with 3.5km.* 
+ Strength of region highlighted by the Australian Federal Governments recent plans to build a world-leading hydrogen power plant in Whyalla SA as part of their $2bn investment in the Hydrogen Headstart Program. (1)
+ Whyalla: largest industrial city and principal centre for manufacturing, 3rd most populous city with over 21,200 residents, median house price increased by 19.2% in the last 12 months. (2)
+ Stamp duty free investment opportunity. 
+ Net Income: $93,673 pa* + GST.

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 18 September 2024
River Room, Crown Casino, Melbourne

For further information, please contact the exclusive selling agents below:

Zomart He 何梓轩 | 0488 220 830
Sam Mercuri | 0413 830 709

* Approx
1 SA Premier
2 Whyalla City Council & Realestate.com.au