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Prime Freehold – Leased to Global Giant | New 10 + 5 + 5 Year Net Lease to 2040

222-226 Commercial Road, Port Adelaide SA

Property Highlights

10 + 5 + 5 year net lease to 2040
3.5% pa increases + ratchet provision
855 sqm site with triple st frontage
Register to Bid

Description

+ Secure 10 year net lease to 2030
+ Two further 5 year options to 2040
+ Wattyl Paints: wholly owned subsidiary of NYSE listed Sherwin Williams Fortune 500 Co with a market cap of USD$17.98 billion
+ Longstanding tenancy with tenant in occupation 20+ years
+ Attractive 3.5% pa rent increases with ratchet provisions at market review ensuring growth
+ Tenant pays all usual outgoings including land tax
+ Strategic 307sqm retail showroom with triple street frontage totalling 85 metres
+ Irreplaceable 855sqm main road site with 14 on-site car spaces
+ Port Adelaide: port side capital growth suburb, undergoing significant transformation and gentrification
+ Net Income: $100,000 pa + GST

For Sale by Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
855 SQM
Building Area
307 SQM

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