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24-36 Briens Road
Northfield SA 5085
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Sold on 26 Jun 2024

24-36 Briens Road Northfield SA 5085

  • Shop & Retail
  • 1 m²
  • Sold

As New, 15 Year Lease to 2036 + Options | Booming Metro Adelaide Growth Location

    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

    AUCTION

    Auction date and time26/06/2024 10:30
    Auction locationCrown Casino - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold26 Jun 2024
    Floor Area1 m²
    Land Area1,618 m²
    ParkingAsk Agent
    Property ID2019272294
    Category
    Last updated  10 Jul 2024
    Map for 24-36 Briens Road Northfield SA 5085
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold26 Jun 2024
    Floor Area1 m²
    Land Area1,618 m²
    ParkingAsk Agent
    Property ID2019272294
    Category
    Last updated  10 Jul 2024

    Co-Agents

    Rick Jacobson
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 083
    Burgess Rawson VIC Pty Ltd
    Call
    0448 685 593
    Jamie Perlinger
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 315

    More about 24-36 Briens Road Northfield SA 5085

    24-36 Briens Road Northfield SA 5085 is categorized as Shop & Retail Property. It has a floor area of 1 m² and a land area of 1,618 m². The listing ID for this property is 2019272294.

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