Brand New Industrial Investment - Leased to National Safety Equiptment Tenant in Thriving Logistics Precinct

Description

Burgess Rawson, together with Ray White and McGees Property Adelaide are delighted to offer to the market the Safety Xpress at 1/35 Eastern Parade, Port Adelaide SA for sale via Investment Portfolio Auction 173.

This property has the following key investment highlights:

+ New Four (4) year lease to Safety Xpress to September 2028 plus options to 2036.
+ Safety Xpress: Australia’s premier safety equipment supplier with locations in VIC, NSW and QLD.
+ Impressive 1,206sqm* high clearance showroom and warehouse incorporating office and staff amenities.
+ Significant 40ft container loading capability for important truck import and exports.
+ Landlord favourable net lease terms with the tenant paying all outgoings including management fees.
+ Stamp Duty Free investment, no stamp duty payable on commercial property in South Australia.
+ Brand new 2024 construction, providing maximum tax saving depreciation benefits.
+ Fixed 3.25% annual rent increases ensuring income growth.
+ Key transport location, with frontage to Port River Expressway (38,300 vehicles passing daily)** and direct connectivity to the North-South Motorway and Harbor Port.
+ Directly adjacent to Ampol and located in a tightly held ‘core’ industrial precinct, neighbouring Visy and only 750 metres* from the Port.
+ Port Adelaide: Port City and commercial hub only 14kms* from Adelaide CBD.
+ City of Port Adelaide Enfield: South Australia’s 3rd largest LGA, with population of 138,585 residents and a GRP of $11.19 billion.***
+ Industries in the Port Adelaide Enfield region including Transport/Warehousing and Wholesale Trade have increased $877 million and $216 million respectively.***
+ Net Income: $187,000 pa* + GST.

*Approx
**GapMaps
***Port Adelaide Enfield

For further information, please contact the selling agents below:

Burgess Rawson & Associated Victoria Pty Ltd – RLA 327401
Shaun Venables 0411 860 865
Romanor Falconer 0413 830 808
Beau Coulter 0413 839 898

Immobiliare (SA) Pty Ltd T/A RWC Adelaide – RLA 332186
Oliver Totani 0412 808 743

McGees (S.A.) Pty Ltd – RLA 1722
Andrew Wilson 0450 965 633

Enquire

Contact agents
Shaun Venables Partner
0411 860 865
Romanor Falconer Sales Executive
0413 830 808
Enquiry Form

Port Adelaide, SA

1/ 35 Eastern Parade

For Sale by Portfolio Auction
Wednesday 11th December 10:30AM Crown Casino - River Room - Melbourne

This property is part of Portfolio 173

Price: Contact Agent

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