Drakes Gawler, 1 Corner Of Reid Street, Tod Street And Jacob Street, Gawler, SA 5118

Exceptional opportunity to add a blue chip asset to your portfolio, with a long term 10 year + 10 year lease commencing 1 November 2024 to Drakes, Australia's largest independent supermarket operator. 

Gawler is one of South Australia's fastest growing areas and is located approximately 44 kilometres north of Adelaide. The broader Gawler region is home to an estimated population close to 50,000 people (2021 Census - ABS) and services a catchment of an estimated 120,000 people (Town of Gawler). 

Key features:
- Rental income of $563,506 p.a exc GST
- 10 year lease to Drakes Supermarkets commencing 1 November 2024
- Option to renew the lease for a further 10 years until 2044
- All statutory outgoings payable by tenant including land tax
- Annual CPI rent reviews 
- High growth area of Gawler
- Substantial 7618sqm* site area over 6 titles
- 2295sqm* building area
- Newly constructed commercial car park shade structures
- Concrete and bitumen car park for 133 cars
- 0% stamp duty


For Sale by Expressions of Interest closing Thursday 12th December 2024 at 4:00 pm.

For further details or to arrange an inspection please contact Jackson Dare 0423 771 611 or Danny Dare 0411 814 131

All information contained herein is gathered from sources deemed to be reliable. However, we cannot guarantee its accuracy and interested persons should seek their own enquiries.

*approximately