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222-226 Commercial Road
Port Adelaide SA 5015
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Sold on 27 Apr 2021

222-226 Commercial Road Port Adelaide SA 5015

  • Shop & Retail
  • 307 m²
  • Sold

Prime Freehold Leased to Global Giant | New 10 + 5 + 5 Year Net Lease to 2040

+ Secure 10 year net lease to 2030
+ Two further 5 year options to 2040
+ Wattyl Paints: wholly owned subsidiary of NYSE listed Sherwin Williams Fortune 500 Co with a market cap of USD$17.98 billion
+ Longstanding tenancy with tenant in occupation 20+ years
+ Attractive 3.5% pa rent increases with ratchet provisions at market review ensuring growth
+ Tenant pays all usual outgoings including land tax
+ Strategic 307sqm retail showroom with triple street frontage totalling 85 metres
+ Irreplaceable 855sqm main road site with 14 on-site car spaces
+ Port Adelaide: port side capital growth suburb, undergoing significant transformation and gentrification
+ Net Income: $100,000 pa + GST

For Sale by Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021

AUCTION

Auction date and time24/02/2021 11:00
Auction location222-226 Commercial Road, Port Adelaide SA
Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold27 Apr 2021
Floor Area307 m²
Land Area855 m²
ParkingAsk Agent
Property ID2016773531
Category
Last updated  25 Feb 2021
Map for 222-226 Commercial Road Port Adelaide SA 5015
Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold27 Apr 2021
Floor Area307 m²
Land Area855 m²
ParkingAsk Agent
Property ID2016773531
Category
Last updated  25 Feb 2021

Listed by

Adam Thomas
Adam Thomas
Burgess Rawson VIC Pty Ltd
Call
0418 998 971

More about 222-226 Commercial Road Port Adelaide SA 5015

222-226 Commercial Road Port Adelaide SA 5015 is categorized as Shop & Retail Property. It has a floor area of 307 m² and a land area of 855 m². The listing ID for this property is 2016773531.

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