Burgess Rawson, in conjunction with RWC Adelaide are delighted to bring to market the Harvey Norman located at 165 Fourteenth Street, Renmark SA for Private Sale.

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: $278,527 pa* + GST

For sale via Private Sale.

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

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