Burgess Rawson are pleased to offer to the market the Salvos located at 1/13 Antlia Way, Australind WA for sale via Investment Portfolio Auction 171.
The property has the following investment highlights:
+ Long 7 year lease to the Salvation Army Australia to 2028 plus options to 2038.
+ Salvation Army Australia: 140+ year old 'government funded' retailer with over 400 stores nationally** and an aggressive growth strategy.
+ Recently built 586qm* corner showroom with extensive dual-frontage and important rear loading bay.
+ Situated in the heart of Australind's bustling retail precinct neighbouring Bunnings, Vinnie's and within 200 metres* from the Treendale Shopping Centre (Woolworths + 17 specialty stores), Supercheap Auto, Tyrepower, McDonald's, KFC and more.
+ Landlord favourable net lease terms with tenant paying all outgoings including land tax.
+ Fixed 3.5% annual rent increases, ensuring rental growth.
+ Recent construction providing significant tax depreciation benefits.
+ Australind: south-eastern WA growth corridor location, servicing a trade catchment of 102,332 people***** with average median house prices increasing 20%+ in the past 12 months.***
+ Greater Bunbury: forecast population of 150,000 by 2041 and 'economic hub' of the south-west WA region, Gross Regional Product $11.7 billion and $1.7 billion worth of projects in pipeline. ****
+ Net Income: $146,533 pa* + GST
To be sold via Investment Portfolio 171
10:30am AEST Wednesday 18 September
Crown Casino, River Room, Melbourne
Please contact the exclusively appointed agents for further information:
Burgess Rawson
Shaun Venables | 0411 860 865
Jamie Perlinger | 0413 860 315
Romanor Falconer | 0411 860 865
Burgess Rawson WA
Rob Selid | 0412 198 294
Vend Property
Jeff Klopper | 0418 945 759
* Approx
** Salvation Army Australia
*** ***
**** Forecast.id
***** Deep End Services
