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323 North East Road (Corner Muller Road)
Hampstead Gardens SA 5086
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Sold on 3 Oct 2023

323 North East Road (Corner Muller Road) Hampstead Gardens SA 5086

  • Shop & Retail
  • 1 m²
  • Sold

15 Year Lease to 2035 Plus Options | Opposite Coles Anchored Shopping Centre

    Burgess Rawson in conjunction with Knight Frank are pleased to offer to the market the Mobil X Convenience located in Hampstead Gardens (Adelaide) SA for sale via our Investment Auction Portfolio 162.

    The property has the following investment highlights:
    + Fifteen (15) year lease to 2035 plus two (2) further ten (10) year options to 2055.
    + Mobil X Convenience: fast growing independent fuel retailer with over 45 service stations across South Australia and Western Australia.**
    + Strong and certain rental growth with annual, fixed compounding 3% increases.
    + Landlord-favourable lease terms with tenant responsible for all usual outgoings excluding Land Tax.
    + New freestanding convenience retail asset offering significant depreciation benefits.
    + High-profile 1,950sqm* corner site with 127m* dual street frontage and 3 important crossovers.
    + Exposure to Muller & North East Road, two major Adelaide commuter roads servicing a combined 55,000+ vehicles per day.***
    + Located 6km* from Adelaide CBD, opposite Tradelink, Kennards Storage and Greenacres Central, a premier neighbourhood shopping centre anchored by Coles Supermarket and supported by 21 specialty tenants.
    + Bunnings Warehouse, Sydney Tools, Reece Plumbing, Storage King, Bridgestone Select, Goodyear Autocare, Toyota, Mitsubishi, Kia, Suzuki, Isuzu, MG and various fast-food restaurants all within 2km*.
    + Surrounded by important social infrastructure, with 24 schools within 3km* servicing over 15,400 full-time students.***
    + Hampstead Gardens: City fringe metro Adelaide growth suburb : 6km* from Adelaide CBD, with median house prices up 13% (in the past 12 months) to $780,000.****
    + City of Port Adelaide Enfield: South Australia's 3rd largest LGA (current population of 135,844), generating $10.9 billion in Gross Regional Product (GRP) with an estimated 82,487 jobs in the area.*****
    + Stamp duty free investment.
    + Net Income: $303,324 pa* + GST

    For Sale by Investment Portfolio Auction
    10:30am (AEST) Wednesday 2 August 2023
    Melbourne, Crown Casino, River Room

    *approx.
    ** X Convenience
    ***GapMaps
    *******
    *****Economy.id

    AUCTION

    Auction date and time02/08/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold3 Oct 2023
    Floor Area1 m²
    Land Area1,950 m²
    ParkingAsk Agent
    Property ID2018623975
    Category
    Last updated  17 Aug 2023
    Map for 323 North East Road (Corner Muller Road) Hampstead Gardens SA 5086
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold3 Oct 2023
    Floor Area1 m²
    Land Area1,950 m²
    ParkingAsk Agent
    Property ID2018623975
    Category
    Last updated  17 Aug 2023

    Co-Agents

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

    More about 323 North East Road (Corner Muller Road) Hampstead Gardens SA 5086

    323 North East Road (corner Muller Road) Hampstead Gardens SA 5086 is categorized as Shop & Retail Property. It has a floor area of 1 m² and a land area of 1,950 m². The listing ID for this property is 2018623975.

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