Fairview Green Shopping Centre, 325-339 Hancock Road,
Fairview Park, SA 5126
Shops & Retail
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Map of Fairview Green Shopping Centre, 325-339 Hancock Road
As new neighbourhood shopping centre
- Estimated net income $2.1m approx.
- 23+10+10+10 year lease
- Approx. 398 car parks
Jones Lang LaSalle has pleasure in offering for sale, under instructions from the registered owner, Fairview Green Shopping Centre by Expression of Interest.
Fairview Green Shopping Centre comprises a Neighbourhood Centre anchored by a Foodland supermarket together with 14 specialty shops, kiosk and two ATMs.
The property is in a key high exposure location in Adelaide's north eastern metropolitan area approximately 21 kilometres from the Adelaide CBD drawing a significant trade from the suburbs of Golden Grove, Tea Tree Gully, Fairview Park and beyond.
Property highlights include:
> Estimated net income $2.1million (approx.)
> A 23+10+10+10 year lease to IGA Distribution (SA) Pty Ltd
> Backed by Metcash Ltd
> Fixed 10% increases every three years for supermarket tenancy
> Significant building allowances and depreciation benefits to tax paying entities
> Balanced tenancy mix including chemist, take away foods, butcher, fruit/veg, cafe
> Advanced car parking system
> Strong "green" credentials
> Approximately 398 car parks (ratio of 6 parks:100sqm GLA)
> Key location adjacent Shell branded petrol filling station and licensed premises
Jones Lang LaSalle is exclusively appointed to offer Fairview Green Shopping Centre for sale by Expression of Interest closing 4pm Friday 24 May 2013.
RLA1842
Fairview Green Shopping Centre comprises a Neighbourhood Centre anchored by a Foodland supermarket together with 14 specialty shops, kiosk and two ATMs.
The property is in a key high exposure location in Adelaide's north eastern metropolitan area approximately 21 kilometres from the Adelaide CBD drawing a significant trade from the suburbs of Golden Grove, Tea Tree Gully, Fairview Park and beyond.
Property highlights include:
> Estimated net income $2.1million (approx.)
> A 23+10+10+10 year lease to IGA Distribution (SA) Pty Ltd
> Backed by Metcash Ltd
> Fixed 10% increases every three years for supermarket tenancy
> Significant building allowances and depreciation benefits to tax paying entities
> Balanced tenancy mix including chemist, take away foods, butcher, fruit/veg, cafe
> Advanced car parking system
> Strong "green" credentials
> Approximately 398 car parks (ratio of 6 parks:100sqm GLA)
> Key location adjacent Shell branded petrol filling station and licensed premises
Jones Lang LaSalle is exclusively appointed to offer Fairview Green Shopping Centre for sale by Expression of Interest closing 4pm Friday 24 May 2013.
RLA1842
Additional information
Documents
Property ID: 500703291Last Updated: 2 May 2018
04188497...
Fairview Green Shopping Centre, 325-339 Hancock Road
Fairview Park, SA 5126
JLL - Adelaide 25 Grenfell Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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