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1487 South Road
Darlington SA 5047
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Sold on 1 Nov 2024

1487 South Road Darlington SA 5047

  • Shop & Retail
  • 646 m²
  • Sold

New 16 Year Triple Net Lease to ASX Retail Giant VIVA Energy

    Burgess Rawson are pleased to offer to the market 287 Kensington Road, Marryatville (Kensington Park) SA for sale via Auction Investment Portfolio 172.

    + Brand new 16 year lease to 2040 plus options through to 2075
    + Guaranteed rental growth with annual fixed 3.5% rent increases
    + Tenant pays 'multiple holding' land tax
    + Rare triple net lease structure, with tenant responsible for all rates, multiple holding land tax, building insurance
    +Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
    + Viva Energy (ASX: VEA): blue-chip $4.51 billion* ASX200 company recently purchasing Coles Express & OTR making Viva Energy Australia's leading convenience retail with 1,500 sites nationally (1)
    + OTR: leading convenience retailer generating $3 billion in revenue annually, with 200+ sites across Australia, licenses for QSR's including Hungry Jack's, GyG, Subway & Oporto (2)
    + Major 4,235sqm*main road site with 68 metre* frontage
    + Significant 646sqm* convenience retail includes Subway plus Automatic and manual wash bays
    + Significant taxation saving depreciation
    + Strategic home-bound position with 52,200* vehicles passing daily (3)
    + Darlington: 10km* to Adelaide CBD, catchment population to grow to 220,000 by 2041
    + Located 3.5km from Westfield Marion, a triple supermarket shopping centre anchored by Coles, Woolworths, ALDI, Big W, Bunnings, Target, Dan Murphy's, KFC, Testra and complimented by over 220 specialty retailers and 725 car parking spaces.
    + Close to Flinders Private Hospital, Flinders University (circa 26,000 students) and Tonsley TAFE campus.
    + South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (4)
    + Stamp duty free investment
    + Rent: $330,996 pa* + GST

    For Sale by Portfolio Auction Investment 172
    10:30am AEDT Wednesday 30 October 2024
    River Room - Crown Casino, Melbourne

    Contact the exclusively appointed agent for more information.

    Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401
    Raoul Holderhead 0413 860 304
    Jamie Perlinger 0413 860 315

    Leedwell Property Pty Ltd | RLA 222531
    Mitch Curnow 415 494 056

    * Approx
    1. Viva Energy
    2. OTR/Viva
    3. Gapmaps
    4. Commsec State of States Report

    AUCTION

    Auction date and time30/10/2024 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold1 Nov 2024
    Floor Area646 m²
    Land Area4,235 m²
    ParkingAsk Agent
    Property ID2019531356
    Category
    Last updated  31 Oct 2024
    Map for 1487 South Road Darlington SA 5047
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold1 Nov 2024
    Floor Area646 m²
    Land Area4,235 m²
    ParkingAsk Agent
    Property ID2019531356
    Category
    Last updated  31 Oct 2024

    Co-Agents

    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304
    Jamie Perlinger
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 315
    Mitch Curnow
    Leedwell Property - RLA 222531
    Call
    0415 494 056

    More about 1487 South Road Darlington SA 5047

    1487 South Road Darlington SA 5047 is categorized as Shop & Retail Property. It has a floor area of 646 m² and a land area of 4,235 m². The listing ID for this property is 2019531356.

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