Burgess Rawson, in conjunction with RWC Adelaide, are pleased to offer to the market the Mobil X Convenience located at 24-36 Briens Road (Cnr Lang Street), Northfield (Adelaide) SA for sale via our Investment Auction Portfolio 169.
This opportunity has the following key investment highlights:
+ Fifteen (15) year lease to 2036 plus two (2) further ten (10) year options to 2056.
+ Mobil X Convenience: fast growing independent fuel retailer with over 50 service stations across South Australia and Western Australia.
+ Landlord-favourable lease terms with tenant responsible for all usual outgoings including Insurance and Management Fees but excluding Land Tax.
+ IMPORTANT: Tenant owns and is responsible to monitor, maintain, service, repair & replace all fuel equipment.
+ Freestanding convenience retail asset constructed in 2021, offering substantial depreciation benefits with $174,000 (55%) of current years income potentially tax free.
+ High-profile corner site with extensive frontage and exposure to Briens Road, a major Adelaide commuter road servicing over 31,000 vehicles per day.**
+ Gepps X Home HQ, Woolworths DC, McDonald's, KFC, Adelaide Super-Drome and the $90M SA Police Barracks (under construction) all within 1.3km*.
+ Strategically positioned within Northern Adelaide's premier educational corridor, directly opposite Roma Mitchell Secondary College, which serves over 1,300 students, and within a 3-kilometer radius of 25 schools catering to more than 22,500 full-time students.**
+ Northfield: City fringe metro Adelaide growth suburb, with median house prices up 12%* (in the past 12 months) to $725,000.***
+ City of Port Adelaide Enfield: South Australia's 3rd largest LGA (current population of 135,844), generating $11.2 billion in Gross Regional Product (GRP) with an estimated 85,525 jobs in the area.****
+ Stamp duty free investment.
+ Estimated Net Income: $316,273 pa* + GST
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 26 June 2024
Conference Hall, Crown Casino, Melbourne
*Approx
** GapMaps
******
****Economy.id
