2 Seaford Road Old Noarlunga SA 5168

Property Highlights:

- Fully leased to Bunnings Group Limited
- 12-year lease
- Six 5-year options from September 2027
- Fixed annual rental increases of 2.5%, Market at renewal
- Constructed in 2015 providing significant depreciation benefits
- 9,912sqm (approx.) GLAR including main warehouse, timber, nursery, canopy and entry areas
- High profile corner location with 50,200 (approx.) vehicles per day
- High growth catchment with 5,100 (approx.) new homes planned within 15km (approx.) radius
- Passing rent of $1,489,894 per annum (approx.)
- Tenant pays Land Tax (SH), Council Rates, SA Water Rates, ESL, Building Insurance
- 0% stamp duty

For Sale by EOI closing Tuesday 3 December 2024 at 4:00pm (ACDT)