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Wattyl Paints, 222-226 Commercial Road, PORT ADELAIDE, SA, 5015

2. Property Highlights

Prime Freehold – Leased to Global Giant | New 10 + 5 + 5 Year Net Lease to 2040
  • 10 + 5 + 5 year net lease to 2040
  • 3.5% pa increases + ratchet provision
  • 855 sqm site with triple st frontage

+ Secure 10 year net lease to 2030

+ Two further 5 year options to 2040

+ Wattyl Paints: wholly owned subsidiary of NYSE listed Sherwin Williams Fortune 500 Co with a market cap of USD$17.98 billion

+ Longstanding tenancy with tenant in occupation 20+ years

+ Attractive 3.5% pa rent increases with ratchet provisions at market review ensuring growth

+ Tenant pays all usual outgoings including land tax

+ Strategic 307sqm retail showroom with triple street frontage totalling 85 metres

+ Irreplaceable 855sqm main road site with 14 on-site car spaces

+ Port Adelaide: port side capital growth suburb, undergoing significant transformation and gentrification

+ Net Income: $100,000 pa + GST

For Sale by Investment Portfolio Auction

11AM (AEDT) Wednesday 24 February 2021

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

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3. Property Location

Wattyl Paints, 222-226 Commercial Road, PORT ADELAIDE, SA, 5015

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4. Due Diligence

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Wattyl Paints, 222-226 Commercial Road, PORT ADELAIDE, SA, 5015 Port Adelaide
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