+9 Photos

2/35 Eastern Parade, Port Adelaide, SA, 5015

Properties / Buy / South Australia / Port Adelaide

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1,025 m² (*approx)

Floor Area

1025 m² (*approx)

Property Type

Industrial, Other, Retail

Sub-type

Office/Warehouse, Mixed Use

Terms

New Five (5) year lease to October 2029 plus options to 2034

Est. Income

$167,500 p/a

Fully Leased

Deluxe Powder Coating

Show All

2. Property Highlights

Brand New 2024 Showroom Warehouse - Leased to Established Tenant in Core Industrial Precinct

New 5 Year Lease + Options to 2034
Significant 1,025sqm Showroom Warehouse
Stamp Duty Free Investment

Burgess Rawson, together with Ray White and McGees Property Adelaide are delighted to offer to the market Deluxe Powder Coating at 2/35 Eastern Parade, Port Adelaide SA for sale via Investment Portfolio Auction 173.

The property has the following investment highlights:

+ New Five (5) year lease to Deluxe Powder Coating to October 2029 plus options to 2034.

+ Deluxe Powder Coating: well-established and local protective metal finishing specialist, in operation for 10+ years.

+ Impressive 1,025sqm* high clearance showroom and warehouse incorporating office and staff amenities.

+ Important 40ft container loading capability for truck import and exports.

+ Brand New 2024 construction, providing maximum tax saving depreciation benefits.

+ Landlord favourable net lease terms with tenant paying all outgoings including management fees.

+ Fixed 3.5% annual rent increases ensuring income growth.

+ Key transport location, with frontage to Port River Expressway (38,300 vehicles passing daily)** and direct connectivity to the North-South Motorway and Harbor Port.

+ Directly adjacent to Ampol and located in a tightly held 'core' industrial precinct, neighbouring Visy and only 750 metres* from the Port.

+ Port Adelaide: Port City and commercial hub only 14kms* from Adelaide CBD.

+ City of Port Adelaide Enfield: South Australia's 3rd largest LGA, with population of 138,585 residents and a GRP of $11.19 billion.***

+ Industries in the Port Adelaide Enfield region including Transport/Warehousing and Wholesale Trade have increased $877 million and $216 million respectively.***

+ Stamp Duty Free investment, no stamp duty payable on commercial property in South Australia.

+ Net Income: $167,500 pa* + GST.

*Approx

**GapMaps

***Port Adelaide Enfield

For further information, please contact the selling agents below:

Burgess Rawson & Associates Victoria Pty Ltd - RLA 327401

Shaun Venables 0411 860 865

Romanor Falconer 0413 830 808

Beau Coulter 0413 839 898

Immobiliare (SA) Pty Ltd T/A RWC Adelaide - RLA 332186

Oliver Totani 0412 808 743

McGees (S.A.) Pty Ltd - RLA 1722

Andrew Wilson 0450 965 633

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