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214-216 Portrush Road, TRINITY GARDENS, SA, 5068
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1. Property Summary
Land Area
4,216 m² (*approx)
Floor Area
3662 m² (*approx)
Property Type
Retail, Other
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2. Property Highlights
Fully Leased Investment Opportunity
- 2 Solid Brand Tenants
- WALE 6.97 Years
- Net Income $820,201 pa + GST
Just 4km east of the Adelaide CBD. Located on Portrush Road 100m north of the Magill Road Intersection. Portrush Road is a major arterial road with over 36,000 vehicles per day and traverses North South across Adelaide's eastern suburb's connecting directly with the M1 Princes Highway.
Completed late 2016 and leased to Spotlight for 12 + 6 + 6 + 6 Years and Trinity Gardens Pharmacy for 7 + 5 years.
A quality building over two levels. The First Floor is serviced by two large lifts, one for customers and the other for deliveries. The Ground Floor provides full lobby and access to Spotlight and balance occupied by the Trinity Gardens Pharmacy. Strong investment attributes with a WALE of 6.97 years make this an outstanding long term investment.
The current Net Income is $820,201 pa + GST
For Sale via EOI closing 4pm on Wednesday 31 March 2021.
Price guidance; anticipated yield; circa 6%.
Remember to mention you found this property on CommercialReady.com.au
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Tenanted Investment
1. Property Summary
Property Type
Retail, Other
Land Area
4,216 m² (*approx)
Floor Area
3662 m² (*approx)
2. Property Highlights
Fully Leased Investment Opportunity
- 2 Solid Brand Tenants
- WALE 6.97 Years
- Net Income $820,201 pa + GST
Just 4km east of the Adelaide CBD. Located on Portrush Road 100m north of the Magill Road Intersection. Portrush Road is a major arterial road with over 36,000 vehicles per day and traverses North South across Adelaide's eastern suburb's connecting directly with the M1 Princes Highway.
Completed late 2016 and leased to Spotlight for 12 + 6 + 6 + 6 Years and Trinity Gardens Pharmacy for 7 + 5 years.
A quality building over two levels. The First Floor is serviced by two large lifts, one for customers and the other for deliveries. The Ground Floor provides full lobby and access to Spotlight and balance occupied by the Trinity Gardens Pharmacy. Strong investment attributes with a WALE of 6.97 years make this an outstanding long term investment.
The current Net Income is $820,201 pa + GST
For Sale via EOI closing 4pm on Wednesday 31 March 2021.
Price guidance; anticipated yield; circa 6%.
Remember to mention you found this property on CommercialReady.com.au
Read More
