Harvey Norman, 165 Fourteenth Street, Renmark, SA 5341

Burgess Rawson, in conjunction with RWC Adelaide are delighted to bring to market the Harvey Norman located at 165 Fourteenth Street, Renmark SA for sale via Investment Portfolio 169.         

The Key Investment Highlights:

+ Long 7 year lease to 2030 plus 6 further 6 year options to 2066. 
+ Harvey Norman: Australian retail icon with 270 stores in 8 countries across the globe with a market cap of $5.42bn. (1) 
+ Recently refurbished 2,865sqm* building constructed in circa 1990.
+ Includes a 229sqm* secondary tenancy leased to Carpet One, one of the world's largest retail flooring groups, with 1,700 stores worldwide. (3)
+ Landmark 6,867sqm* freehold comprising rare 135sqm* dual-street frontage and generous 146 sealed and lined car spaces on title.
+ Stamp duty free investment and opportunity to buy well below replacement cost. 
+ Favourable Suburban Activity Centre Zoning. 
+ Annual CPI rent reviews (capped at 2.5%).
+ Central Renmark CBD location, only metres from Woolworths, BCF, Supercheap Auto, Priceline Pharmacy, Domino's and more. 
+ Position perfect: with direct access from Renmark Avenue (Sturt Highway), 9,470 vehicles passing per day and only 300m* away from the popular Murray River. 
+ Riverland Region: Permanent trade catchment of over 35,000 residents and thriving tourist destination with 415,000 overnight visitors in FY23. (2)
+ Net Income: $288,527 pa* + GST

To be Sold via Investment Portfolio Auction 169
Wednesday 26 June 2024, at 10:30am (AEST)
Conference Hall, Crown Casino, Melbourne VIC

For further information, please contact Burgess Rawson or RWC Adelaide. 

*Approx
(1) Yahoo Finance
(2) Renmark Paringal Council
(3) Carpet One