99 Bikes, X-Golf, Toymate, Revo Fitness, 838 Marion Road,
Marion, SA 5043
Shops & Retail • Showrooms & Large Format Retail • Other
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
99 Bikes, X-Golf, Toymate, Revo Fitness, 838 Marion Road
Marion, SA 5043
Map of 99 Bikes, X-Golf, Toymate, Revo Fitness, 838 Marion Road
Long 6.37 year WALE | Dominant Large Format Retail Centre
- 100% occupied freehold investment
- Long 10 & 12 year leases
- High profile 6,086sqm* landholding
Burgess Rawson together with JLL Adelaide are pleased to offer to the market 838 Marion Road, Marion (Adelaide) SA for sale via Expressions of Interest.
The property has the following key highlights:
+ 100% occupied large format retail investment with strong occupancy history.
+ Long 6.37 year WALE by income.
+ Long 10 & 12 year leases to nationally recognised brands including 99 Bikes, X-Golf, Toymate and Revo Fitness.
+ Guaranteed rental growth, with annual increases ranging from CPI to 4%.
+ Diverse investment with 10 individual income streams.
+ Prime 6,086sqm* freehold landholding with important 68 on-title car spaces.
+ Significant and well-presented 5,929sqm* majority two level freehold building.
+ Strategic position in dominant and tightly held Marion Road retail precinct, with low vacancy rates.
+ High profile Marion Road site with 43,800 vehicles passing daily. (1)
+ Desirable retail position amongst Harvey Norman, Officeworks, The Good Guys and Fantastic Furniture.
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (2)
+ Marion: metro suburb only 9km* south-west of the Adelaide CBD.
+ Net Income: $1,102,433pa* + GST (as at 1 June 2024)
For Sale via Expressions of Interest:
Closing 4:00pm (ACST) Wednesday 10 April 2024
*Approx
1. GapMaps
2 CommSec State of States Report
Burgess Rawson Agents (RLA 327401)
Beau Coulter - 0413 839 8...
Shaun Venables - 0411 860 8...
Zomart He - 0488 220 830
JLL Adelaide Agents (RLA 1842)
Ben Parkinson - 0407 710 3...
Claudia Brace - 0420 546 7...
The property has the following key highlights:
+ 100% occupied large format retail investment with strong occupancy history.
+ Long 6.37 year WALE by income.
+ Long 10 & 12 year leases to nationally recognised brands including 99 Bikes, X-Golf, Toymate and Revo Fitness.
+ Guaranteed rental growth, with annual increases ranging from CPI to 4%.
+ Diverse investment with 10 individual income streams.
+ Prime 6,086sqm* freehold landholding with important 68 on-title car spaces.
+ Significant and well-presented 5,929sqm* majority two level freehold building.
+ Strategic position in dominant and tightly held Marion Road retail precinct, with low vacancy rates.
+ High profile Marion Road site with 43,800 vehicles passing daily. (1)
+ Desirable retail position amongst Harvey Norman, Officeworks, The Good Guys and Fantastic Furniture.
+ South Australia: #1 performing economy in Australia, leading the country in 4 of the key economic indicators. (2)
+ Marion: metro suburb only 9km* south-west of the Adelaide CBD.
+ Net Income: $1,102,433pa* + GST (as at 1 June 2024)
For Sale via Expressions of Interest:
Closing 4:00pm (ACST) Wednesday 10 April 2024
*Approx
1. GapMaps
2 CommSec State of States Report
Burgess Rawson Agents (RLA 327401)
Beau Coulter - 0413 839 8...
Shaun Venables - 0411 860 8...
Zomart He - 0488 220 830
JLL Adelaide Agents (RLA 1842)
Ben Parkinson - 0407 710 3...
Claudia Brace - 0420 546 7...
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Property ID: 504542600Last Updated: 19 Jul 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
JLL - Adelaide 25 Grenfell Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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