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11-15 Seaford Road
Seaford Meadows SA 5169
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Sold on 22 Jan 2024

11-15 Seaford Road Seaford Meadows SA 5169

  • Showrooms / Bulky Goods
  • 3,578 m²
  • Sold

Brand New 7 Year Net Leases | Bunnings Lease Covenants (Wesfarmers Limited ASX Top 20)

    Burgess Rawson in conjunction with CBRE Adelaide are delighted to present the brand new Beaumont Tiles and Tool Kit Depot at 11-15 Seaford Road, Seaford Meadows SA to the market for sale by Private Treaty.

    This investment has the following highlights:

    + Brand new 7 year leases to 2030 plus options to 2055.
    + Beaumont Tiles: Established over 60+ years with 110 locations Australia wide, acquired by Bunnings in 2021.
    + Tool Kit Depot: Prominent trade retailer, Acquired by Bunnings in 2019 with 75 stores planned for Australasia over the next 3 years.
    + Landmark 10,914sqm* freehold site with a significant 76 metre* frontage, directly opposite Bunnings.
    + Prime 3,578sqm* building with the latest corporate tenant fit-outs and 123 car spaces on title.
    + New buildings (completed 2023) offering substantial depreciation benefits.
    + Important site adjacent to upcoming LFR development and established Auto One, Derrimut Gym, Highgrove Bathrooms, Repco, United, Knauf and more.
    + Landlord preferred net lease terms, tenants pay all usual outgoings including land tax.
    + Certain rental growth with annual, fixed compounding 2.25% increases.
    + Direct access to Main South Road via Seaford Road, a major northsouth link connecting Adelaide and the Fleurieu Peninsula with 98,100 vehicles passing daily.**
    + Zero stamp duty investment.
    + City of Onkaparinga: SA's most populated metro LGA, home to more than 178,000 residents between McLaren Vale & Adelaide.***
    + Net Income: $739,460 pa* + GST.

    *Approx
    **GapMaps
    ***Forecast.id

    For Sale by Private Treaty

    Burgess Rawson Agents
    Shaun Venables (RLA 313040)
    0411 860 865

    Beau Coulter (RLA 315777)
    0413 839 898

    Matthew Wright (AMR)
    0458 290 588

    Romanor Falconer (AMR)
    0413 830 808

    AUCTION

    Auction date and time25/10/2023 10:30
    Auction locationCrown Metropol - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold22 Jan 2024
    Floor Area3,578 m²
    Land Area1.09 ha
    ParkingAsk Agent
    Property ID2018799949
    Category
    Last updated  22 Jan 2024
    Map for 11-15 Seaford Road Seaford Meadows SA 5169
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold22 Jan 2024
    Floor Area3,578 m²
    Land Area1.09 ha
    ParkingAsk Agent
    Property ID2018799949
    Category
    Last updated  22 Jan 2024

    Co-Agents

    Shaun Venables
    Burgess Rawson VIC Pty Ltd
    Call
    0411 860 865
    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898
    Harry Einarson
    Harry Einarson
    CBRE South Australia RLA 208125
    Call
    +61421 747 442

    More about 11-15 Seaford Road Seaford Meadows SA 5169

    11-15 Seaford Road Seaford Meadows SA 5169 is categorized as Showroom & Bulky Goods Property. It has a floor area of 3,578 m² and a land area of 1.09 ha. The listing ID for this property is 2018799949.

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