Lot 200 Commercial Street West,
Mount Gambier, SA 5290
Shops & Retail
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Map of Lot 200 Commercial Street West
3 NATIONAL TENANTS - 3 LONG TERM LEASES
- National tenants
- Long term leases
- Blue-chip leased investment
Lot 200 Commercial Street West, Mount Gambier is an absolutely prime, blue-chip leased investment. The asking price reflects an 8.3% yield on the fully leased net rental income.
All tenants currently holding a lease over the property are subsidiaries of ASX-Listed companies in SRG Leisure Retail Pty Ltd trading as BCF, Super Cheap Auto and Petbarn. These lease covenants provide the utmost security of income to an investor.
A summary of the leases is provided below:
All three tenancies leased through until 2023 with further options through to 2033
Estimated fully leased net income of $490,220.13 pa*
8+5+5 year lease to BCF
8+5+5 year lease to Super Cheap Auto
7+5+5 year lease to Petbarn
Recently refurbished building with net lettable area of 3,232sqm*
Leases reviewed to CPI annually with market rent review at option date
Further information can be found in the Information Memorandum, please call today to register your interest.
For Sale by Private Treaty $5,900,000 (exc GST)
All tenants currently holding a lease over the property are subsidiaries of ASX-Listed companies in SRG Leisure Retail Pty Ltd trading as BCF, Super Cheap Auto and Petbarn. These lease covenants provide the utmost security of income to an investor.
A summary of the leases is provided below:
All three tenancies leased through until 2023 with further options through to 2033
Estimated fully leased net income of $490,220.13 pa*
8+5+5 year lease to BCF
8+5+5 year lease to Super Cheap Auto
7+5+5 year lease to Petbarn
Recently refurbished building with net lettable area of 3,232sqm*
Leases reviewed to CPI annually with market rent review at option date
Further information can be found in the Information Memorandum, please call today to register your interest.
For Sale by Private Treaty $5,900,000 (exc GST)
Property ID: 502167218Last Updated: 13 Mar 2018
04154940...
Lot 200 Commercial Street West
Mount Gambier, SA 5290
CBRE - South Australia (RLA 208125)Level 5, 151 Pirie Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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