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Leedwell Property (RLA 222531) - ADELAIDE

OTR, 561-567 Port Road West Croydon, SA 5008

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OTR, 561-567 Port Road,
West Croydon, SA 5008

Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial

Price information

Sale - Expression of Interest

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$759,802
Number of Tenants
1 Tenant
Tenants / Type
OTR

Private inspections

to arrange a private inspection.
Leedwell Property (RLA 222531) - ADELAIDE
Mitch Curnow

Leedwell Property (RLA 222531) - ADELAIDE

Level 1, 16 Hutt Street
ADELAIDE, SA 5000
Leedwell Property (RLA 222531) - ADELAIDE
OTR, 561-567 Port Road
West Croydon, SA 5008

Map of OTR, 561-567 Port Road

Directions
  • Train stations within 5 km of OTR, 561-567 Port Road, West Croydon, SA 5008Distance
    West Croydon Station237 m
    Croydon Station875 m
    Kilkenny Station984 m
    Woodville Park Station1.7 km
    Entertainment Centre2.3 km
    POWERED BY HERE ©
  • Tram stops within 5 km of OTR, 561-567 Port Road, West Croydon, SA 5008Distance
    Tram Bonython Park3 km
    Adelaide Metro Free City Connector Bus and Tram4.8 km
    Tram Adelaide Railway Station4.9 km
    POWERED BY HERE ©
  • Bus stops within 5 km of OTR, 561-567 Port Road, West Croydon, SA 5008Distance
    14 Port Rd - South Side97 m
    13 Port Rd - South West Side201 m
    15 Port Rd - South West Side407 m
    12 Port Rd - South Side501 m
    Stop 12 Port Rd-North Side501 m
    POWERED BY HERE ©
POWERED BY HERE ©

Generational Metro Freehold

  • New 18 Year Triple Net Lease
  • Viva Energy ASX Retail Giant
  • Huge 5,474sqm Freehold Corner
Burgess Rawson with Leedwell Property are pleased to offer to the market 561-567 Port Road, West Croydon SA for sale via Expression of Interest.

+ Multi-offer convenience site including large convenience store, Subway QSR and freestanding Krispy Kreme factory with drive thru
+ Brand new 18 year lease to 2042 plus options to 2077
+ Guaranteed rental growth with annual fixed 3.5% rent increases
+ Tenant pays ‘multiple holding’ land tax
+ Rare triple net lease structure, with tenant responsible for all rates, multiple holding land tax, building insurance
+Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).
+ Viva Energy (ASX: VEA): blue-chip $4.51 billion* ASX200 company recently purchasing Coles Express & OTR making Viva Energy Australia’s leading convenience retail with 1,500 sites nationally (1)
+ OTR: leading independent convenience retailer generating $3 billion in revenue annually, with 200+ sites across Australia, licenses for QSR’s including Hungry Jack’s, GyG, Subway & Oporto (2)
+ Position perfect 5,474sqm* corner freehold with 137 metres* frontage and exposure to major 6 lane arterial road with 44,000 VPD*
+ The offering comprises one (1) Head Lease to Viva Energy and includes large convenience retail with Subway (435sqm), Krispy Kreme state (SA) headquarters over two levels with full commercial bakery facility supplying 150 sites, dine in retail restaurant & 24/7 retail drive thru (1,258sqm), plus telco tower
+ Important 52 on site car spaces
+ West Croydon established inner suburb 5km* west of CBD
+ Significant taxation saving depreciation
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (4)
+ Stamp duty free investment
+ Rent $759,802 pa + GST

For Sale via Expression of Interest
Closing 4pm AEDT, Thursday 14 November 2024

Contact the exclusively appointed agent for more information.

Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401
Raoul Holderhead 0413 860 3...
Jamie Perlinger 0413 860 3...

Leedwell Property Pty Ltd | RLA 222531
Mitch Curnow 415 494 056

* Approx
1. Viva Energy
2. OTR/Viva
3. Gapmaps
4. Commsec State of States Report

Property ID: 504703844Last Updated: 13 Nov 2024

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