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Dulux | Cash Converters, 121 Main South Road, MORPHETT VALE, SA, 5162
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Dulux | Cash Converters, 121 Main South Road, MORPHETT VALE, SA, 5162

2. Property Highlights

High Profile Freehold Investment | Secure Leases to Listed Tenants
  • 5 year net leases + options
  • 3% increases / tenants pay outgoings
  • Large 3,718 sqm landholding

+ New 5 year lease to Dulux to December 2025 + options to 2035

+ 5 year lease to Cash Converters to September 2024 plus options to 2029

+ Dulux Group: wholly owned by listed Japanese paint giant Nippon Paint Holdings Co following acquisition in 2019 for $3.8 billion

+ Cash Converters: wholly owned by Cash Converters International Ltd – ASX listed with 700 stores trading across 16 countries worldwide

+ Fixed 3% rent increases ensuring rental growth

+ Tenants pay usual outgoings including management fees

+ Well presented 1,132sqm buildings incorporating two showrooms and a 130sqm of rear storage

+ Large 3,718sqm landholding dual access and 26 car spaces on-title

+ Morphett Vale: South Australia’s largest suburb, 20km south from Adelaide CBD

+ Net Income: $229,335 pa + GST

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 31 March 2021

Remember to mention you found this property on CommercialReady.com.au

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Adam Thomas
Adam Thomas
+61 *** *** *** show +61 418 998 971
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865

3. Property Location

Dulux | Cash Converters, 121 Main South Road, MORPHETT VALE, SA, 5162

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Dulux | Cash Converters, 121 Main South Road, MORPHETT VALE, SA, 5162 Morphett Vale
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+61 *** *** *** show +61 418 998 971
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