287 Kensington Road Marryatville SA 5068

Burgess Rawson are pleased to offer to the market 287 Kensington Road, Marryatville (Kensington Park) SA for sale via Auction Investment Portfolio 172.

+ Brand new 15 year lease to 2039 plus options through to 2074
+ Guaranteed rental growth with annual fixed 3.5% rent increases
+ Tenant pays 'multiple holding' land tax
+ Rare triple net lease structure, with tenant responsible for all rates, multiple holding land tax, building insurance
+ Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Viva Energy (ASX: VEA): blue-chip $4.51 billion* ASX200 company recently purchasing Coles Express & OTR making Viva Energy Australia's leading convenience retail with 1,500 sites nationally (1)
+ OTR: leading convenience retailer generating $3 billion in revenue annually, with 200+ sites across Australia, licenses for QSR's including Hungry Jack's, GyG, Subway & Oporto (2)
+ Prime corner position, the first convenience retail site from the CBD
+ As new construction (2022) offering significant deprecation benefits
+ Strategic home-bound position close to Woolworths with 22,100* vehicles passing daily (3)
+ Affluent inner city location with a median house price of $1,510,000
+ Premier education precinct with Pembroke School, Saint Ignatius Junior School, Loreto College, St Peter's Collegiate Girl's School, Glenunga International High School and 12 other schools servicing 14,509 full-time students within a 3km radius. gapmaps
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (4)
+ Stamp duty free investment
+ Rent: $265,691 pa* + GST

For Sale by Portfolio Auction Investment 172
10:30am AEDT Wednesday 30 October 2024
River Room - Crown Casino, Melbourne

Contact the exclusively appointed agent for more information.

Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401
Raoul Holderhead 0413 860 304
Jamie Perlinger 0413 860 315

Leedwell Property Pty Ltd | RLA 222531
Mitch Curnow 0415 494 056

* Approx
1. Viva Energy
2. OTR/Viva
3. Gapmaps
4. Commsec State of States Report