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High Profile Freehold Investment | Secure Leases to Listed Tenants

121 Main South Road, Morphett Vale SA

Property Highlights

5 year net leases + options
3% increases / tenants pay outgoings
Large 3,718 sqm landholding
Register to Bid

Description

+ New 5 year lease to Dulux to December 2025 + options to 2035
+ 5 year lease to Cash Converters to September 2024 plus options to 2029
+ Dulux Group: wholly owned by listed Japanese paint giant Nippon Paint Holdings Co following acquisition in 2019 for $3.8 billion
+ Cash Converters: wholly owned by Cash Converters International Ltd – ASX listed with 700 stores trading across 16 countries worldwide
+ Fixed 3% rent increases ensuring rental growth
+ Tenants pay usual outgoings including management fees
+ Well presented 1,132sqm buildings incorporating two showrooms and a 130sqm of rear storage
+ Large 3,718sqm landholding dual access and 26 car spaces on-title
+ Morphett Vale: South Australia’s largest suburb, 20km south from Adelaide CBD
+ Net Income: $229,335 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
3,718 SQM
Building Area
1,132 SQM

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