Dulux | Cash Converters, 121 Main South Road,
Morphett Vale, SA 5162
Shops & Retail • Showrooms & Large Format Retail • Other
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Dulux | Cash Converters, 121 Main South Road
Morphett Vale, SA 5162
Map of Dulux | Cash Converters, 121 Main South Road
High Profile Freehold Investment | Secure Leases to Listed Tenants
- 5 year net leases + options
- 3% increases / tenants pay outgoings
- Large 3,718 sqm landholding
+ New 5 year lease to Dulux to December 2025 + options to 2035
+ 5 year lease to Cash Converters to September 2024 plus options to 2029
+ Dulux Group: wholly owned by listed Japanese paint giant Nippon Paint Holdings Co following acquisition in 2019 for $3.8 billion
+ Cash Converters: wholly owned by Cash Converters International Ltd – ASX listed with 700 stores trading across 16 countries worldwide
+ Fixed 3% rent increases ensuring rental growth
+ Tenants pay usual outgoings including management fees
+ Well presented 1,132sqm buildings incorporating two showrooms and a 130sqm of rear storage
+ Large 3,718sqm landholding dual access and 26 car spaces on-title
+ Morphett Vale: South Australia’s largest suburb, 20km south from Adelaide CBD
+ Net Income: $229,335 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
+ 5 year lease to Cash Converters to September 2024 plus options to 2029
+ Dulux Group: wholly owned by listed Japanese paint giant Nippon Paint Holdings Co following acquisition in 2019 for $3.8 billion
+ Cash Converters: wholly owned by Cash Converters International Ltd – ASX listed with 700 stores trading across 16 countries worldwide
+ Fixed 3% rent increases ensuring rental growth
+ Tenants pay usual outgoings including management fees
+ Well presented 1,132sqm buildings incorporating two showrooms and a 130sqm of rear storage
+ Large 3,718sqm landholding dual access and 26 car spaces on-title
+ Morphett Vale: South Australia’s largest suburb, 20km south from Adelaide CBD
+ Net Income: $229,335 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
Property ID: 503773506Last Updated: 2 Jun 2021
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