2/35 Eastern Parade Port Adelaide SA 5015

Burgess Rawson, together with Ray White and McGees Property Adelaide are delighted to offer to the market Deluxe Powder Coating at 2/35 Eastern Parade, Port Adelaide SA for sale via Investment Portfolio Auction 173.

The property has the following investment highlights:

+ New Five (5) year lease to Deluxe Powder Coating to October 2029 plus options to 2034.
+ Deluxe Powder Coating: well-established and local protective metal finishing specialist, in operation for 10+ years.
+ Impressive 1,025sqm* high clearance showroom and warehouse incorporating office and staff amenities.
+ Important 40ft container loading capability for truck import and exports.
+ Brand New 2024 construction, providing maximum tax saving depreciation benefits.
+ Landlord favourable net lease terms with tenant paying all outgoings including management fees.
+ Fixed 3.5% annual rent increases ensuring income growth.
+ Key transport location, with frontage to Port River Expressway (38,300 vehicles passing daily)** and direct connectivity to the North-South Motorway and Harbor Port.
+ Directly adjacent to Ampol and located in a tightly held 'core' industrial precinct, neighbouring Visy and only 750 metres* from the Port.
+ Port Adelaide: Port City and commercial hub only 14kms* from Adelaide CBD.
+ City of Port Adelaide Enfield: South Australia's 3rd largest LGA, with population of 138,585 residents and a GRP of $11.19 billion.***
+ Industries in the Port Adelaide Enfield region including Transport/Warehousing and Wholesale Trade have increased $877 million and $216 million respectively.***
+ Stamp Duty Free investment, no stamp duty payable on commercial property in South Australia.
+ Net Income: $167,500 pa* + GST.

*Approx
**GapMaps
***Port Adelaide Enfield

For further information, please contact the selling agents below:

Burgess Rawson & Associates Victoria Pty Ltd - RLA 327401
Shaun Venables 0411 860 865
Romanor Falconer 0413 830 808
Beau Coulter 0413 839 898

Immobiliare (SA) Pty Ltd T/A RWC Adelaide - RLA 332186
Oliver Totani 0412 808 743

McGees (S.A.) Pty Ltd - RLA 1722
Andrew Wilson 0450 965 633