Augusta Car Wash, 8 Augusta Highway, Port Augusta, SA 5700

Burgess Rawson is pleased to present to market 'Augusta Car Wash' located at 8 Augusta Highway, Port Augusta SA to be sold via Investment Portfolio Auction 174.   
This investment has the following key highlights:
 
+ Long 10-year lease to Augusta Car Wash to September 2034 plus options to 2044. 
+ Augusta Car Wash: successful 24/7 operation including touchless laser, manual wash bays, vacuums, and double dog wash.
+ Highly experienced tenant with 23 years in the car wash industry.
+ Expansive 2,382sqm* landholding with a large 22m+ frontage, comprising favourable Employment Zoning and strategic ‘city bound’ location on Augusta Highway. 
+ Augusta Highway: major arterial road link with 13,000 vehicles passing daily.**
+ Low site coverage providing future development potential/value-add opportunity.  
+ Tenant pays usual outgoings excluding land tax. 
+ Annual CPI rent reviews.
+ Important retail location, surrounded by national tenants including; Mitsubishi, Auto 1, Pets Domain, Bridgestone and Tradelink.
+ Stamp duty free investment 
+ Port Augusta SA: key regional hub with $1.4bn economic output.***
+ Port Augusta City Council: booming residential growth LGA with important infrastructure projects planned, ‘Port Playford’, $40 million development and ‘Green Cement’ by Hallett Group, a $125 million development.****
+ Net Income: $129,000 pa* + GST. 
 
For sale via Investment Portfolio Auction 174
10:30am AEDT, Wednesday 19 February 
River Room - Crown Casino, Melbourne VIC

Burgess Rawson & Associates Victoria Pty Ltd - RLA 327401

* Approx
** GapMaps
*** NIAA
**** PortAugusta.SA