Burgess Rawson and Knight Frank Adelaide are pleased to offer to the market, two Coles Liquor and Australian Venue Co. (AVC) hotel investments in Adelaide SA via Burgess Rawson Investment Portfolio 157.
This particular property has the following investment highlights:
Secure 10 year lease to 2029 plus two further 10 year options to 2049.
Blue chip tenant: a JV between Coles Group and Australian Venue Co (AVC), Australia's fastest growing hotelier, with combined interest in over 210 hotels and 933 liquor stores.
Uncapped annual CPI reviews (Adelaide CPI is currently 8.4%).
Favourable net lease terms with tenant responsible for Rates, Insurances and Land Tax.
Major 10,935sqm* site 4.5km* from Adelaide CBD with easy access and 216 metre frontage*.
High profile corner site with direct exposure to 62,760 vehicles passing daily. (1)
Over 195 car spaces on title.
Potential to add significant value. Site includes 5 vacant shops which AVC would like lease to accommodate a brand new beer garden and hotel expansion.
Adelaide is easily the best performing property market in Australia, house prices up 16.5% in the 12 months to 31 October. (2)
No Stamp Duty payable on commercial property in South Australia.
Collinswood: affluent inner-Adelaide suburb with median house price up 69.9% over past two years to $1,385,000. (3)
Estimated Net Income: $845,220pa^
The other Coles Liquor/AVC freehold investment also available is the Hope Inn Hotel and First Choice Liquor in Hindmarsh.
To be Sold by EOI Individually or In-One-Line
Closing 3:00pm (AEDT), Tuesday 13 December 2022
*Approx
1 GapMaps
2 CoreLogic
3 Realestate.com
^ Projected April 2023 Passing Net Rent Based on Current Adelaide CPI