Colliers is pleased to offer 91-93 Commercial Road, Port Adelaide, a premium mixed-use investment opportunity in the thriving growth suburb of Port Adelaide.

Port Adelaide is positioned at the doorstep of South Australia’s premier defence precinct, experiencing significant commercial and residential growth with multiple residential development projects underway and in excess of $100 billion worth of defence investment forecast over the next 30 years. With 20,000 new jobs expected in the near future with the Hunter Class Frigates construction.

Constructed in 2019, the building comprises 2,098sqm* of building area across ground and two upper levels, offering valuable depreciation benefits.

Occupied by Hessel Group Childcare Centre, St Vincent De Paul and ground floor retail, the building offers strong tenant diversity and profile.

Hessel Group is a major South Australian business operating for over 20 years and employing over 300 staff locally. Their childcare centre has experienced consistent occupancy over 95% since opening.

Key Features Include:

• Zero Stamp Duty
• 8.9 Year WALE
• Secure 15 year lease to Hessel Group
• Long term reversionary upside
• Constructed in 2019 with depreciation benefits
• Estimated fully leased net passing income $386,441* p.a.
• Doorstep of SA’s premier defence precinct
• In excess of $100 billion worth of defence investment forecast over the next 30 years*
• Over $75 million of local government investment into Port Adelaide

*approx

91-93 Commercial Road, Port Adelaide, is offered for sale by Expressions of Interest closing 11 July 2024 at 3pm (ACST)

For further information, or to arrange an inspection, please contract Colliers.