12 Young Street Port Augusta SA 5700

Offices
330 m²
Sold

High Yielding Investment Opportunity to Government Funded Provider

Burgess Rawson is pleased to offer to market 'Aboriginal Drug & Alcohol Council' located at 12 Young Street, Port Augusta SA for sale via Auction Investment Portfolio 166.

The opportunity has the following key investment highlights:

+ Three (3) year net lease to 'Aboriginal Drug & Alcohol Council' to 2025.
+ Two (2) further 3 year options to 2031.
+ Aboriginal Drug & Alcohol Council: safety and well-being provider servicing the indigenous community.
+ Investor preferred net lease terms with the tenant responsible for all usual outgoings as per lease.
+ Fixed 3% annual rent increases.
+ Well maintained support service building servicing the Port Augusta local community.
+ Strategic 765sqm* town centre site within metres from complementary national retailers including Coles, Woolworths and Big W.**
+ Situated amongst a significant educational precinct 4 schools within a 1.5 kilometre radius.**
+ Port Augusta: a key economic hub of South Australia underpinned by an emerging renewable energy sector and the cities commitment to collaboration with local Indigenous communities in economic activities.***
+ Port Augusta: booming regional growth suburb, with median house prices up 16.8% over the last 12 months.****
+ Stamp duty free investment opportunity.
+ Net Income: $39,574 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 21 February 2024
Crown Casino, Melbourne

*approx
** GapMaps
*** Port Augusta City Council
**** ***