1487 South Road, Darlington, SA, 5047

Burgess Rawson are pleased to offer to the market 287 Kensington Road, Marryatville (Kensington Park) SA for sale via Auction Investment Portfolio 172.

+ Brand new 16 year lease to 2040 plus options through to 2075

+ Guaranteed rental growth with annual fixed 3.5% rent increases

+ Tenant pays ‘multiple holding’ land tax

+ Rare triple net lease structure, with tenant responsible for all rates, multiple holding land tax, building insurance

+Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).

+ Viva Energy (ASX: VEA): blue-chip $4.51 billion* ASX200 company recently purchasing Coles Express & OTR making Viva Energy Australia’s leading convenience retail with 1,500 sites nationally (1)

+ OTR: leading convenience retailer generating $3 billion in revenue annually, with 200+ sites across Australia, licenses for QSR’s including Hungry Jack’s, GyG, Subway & Oporto (2)

+ Major 4,245sqm*main road site with 68 metre* frontage

+ Significant 365sqm* convenience retail includes Subway plus Automatic and manual wash bays

+ Significant taxation saving depreciation

+ Strategic home-bound position with 52,200* vehicles passing daily (3)

+ Darlington: 10km* to Adelaide CBD, catchment population to grow to 220,000 by 2041

+ Located 3.5km from Westfield Marion, a triple supermarket shopping centre anchored by Coles, Woolworths, ALDI, Big W, Bunnings, Target, Dan Murphy’s, KFC, Testra and complimented by over 220 specialty retailers and 725 car parking spaces.

+ Close to Flinders Private Hospital, Flinders University (circa 26,000 students) and Tonsley TAFE campus.

+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (4)

+ Stamp duty free investment

+ Rent: $330,996 pa* + GST

For Sale by Portfolio Auction Investment 172

10:30am AEDT Wednesday 30 October 2024

River Room - Crown Casino, Melbourne

Contact the exclusively appointed agent for more information.

Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401

Raoul Holderhead 0413 860 304

Jamie Perlinger 0413 860 315

Leedwell Property Pty Ltd | RLA 222531

Mitch Curnow 415 494 056

* Approx

1. Viva Energy

2. OTR/Viva

3. Gapmaps

4. Commsec State of States Report

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