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838 Marion Road
Marion SA 5043
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Sold on 16 Apr 2024

838 Marion Road Marion SA 5043

  • Shop & Retail
  • 5,929 m²
  • Sold

Long 6.37 year WALE | Dominant Large Format Retail Centre

    Burgess Rawson together with JLL Adelaide are pleased to offer to the market 838 Marion Road, Marion (Adelaide) SA for sale via Expressions of Interest.

    The property has the following key highlights:

    + 100% occupied large format retail investment with strong occupancy history.
    + Long 6.37 year WALE by income.
    + Long 10 & 12 year leases to nationally recognised brands including 99 Bikes, X-Golf, Toymate and Revo Fitness.
    + Guaranteed rental growth, with annual increases ranging from CPI to 4%.
    + Diverse investment with 10 individual income streams.
    + Prime 6,086sqm* freehold landholding with important 68 on-title car spaces.
    + Significant and well-presented 5,929sqm* majority two level freehold building.
    + Strategic position in dominant and tightly held Marion Road retail precinct, with low vacancy rates.
    + High profile Marion Road site with 43,800 vehicles passing daily. (1)
    + Desirable retail position amongst Harvey Norman, Officeworks, The Good Guys and Fantastic Furniture.
    + South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (2)
    + Marion: metro suburb only 9km* south-west of the Adelaide CBD.
    + Net Income: $1,102,433pa* + GST (as at 1 June 2024)

    For Sale via Expressions of Interest:
    Closing 4:00pm (ACST) Wednesday 10 April 2024

    *Approx
    1. GapMaps
    2 CommSec State of States Report

    Burgess Rawson Agents (RLA 327401)
    Beau Coulter - 0413 839 898
    Shaun Venables - 0411 860 865
    Zomart He - 0488 220 830

    JLL Adelaide Agents (RLA 1842)
    Ben Parkinson - 0407 710 389
    Claudia Brace - 0420 546 770

    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold16 Apr 2024
    Floor Area5,929 m²
    Land Area6,086 m²
    ParkingAsk Agent
    Property ID2019115789
    Category
    Last updated  16 Apr 2024
    Map for 838 Marion Road Marion SA 5043
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold16 Apr 2024
    Floor Area5,929 m²
    Land Area6,086 m²
    ParkingAsk Agent
    Property ID2019115789
    Category
    Last updated  16 Apr 2024

    Co-Agents

    More about 838 Marion Road Marion SA 5043

    838 Marion Road Marion SA 5043 is categorized as Shop & Retail Property. It has a floor area of 5,929 m² and a land area of 6,086 m². The listing ID for this property is 2019115789.

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