Bunnings Warehouse, Munno Para West Corner of Frisby and Curtis Road,
Munno Para West, SA 5115
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Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
Bunnings Warehouse, Munno Para West Corner of Frisby and Curtis Road
Munno Para West, SA 5115
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Bunnings Warehouse, Munno Para West on 12yr Lease with 3% pa Rent Reviews
- 12yr Lease Expiring in 2028
- Attractive Net Lease ex. Management Fee
- 4.11ha Site in Adelaide Growth Corridor
Colliers is delighted to offer for sale Bunnings Warehouse, Munno Para West. This modern, 16,936 sqm GLAR Bunnings Warehouse is secured by a 12 year lease, expiring August 2028 with extensive options to 2064 and an attractive near net lease structure with rare 3% fixed annual rent reviews. This single tenanted, passive investment returns an NOI of $2.075 million per annum as at August 2021.
The substantial 4.11 hectare land holding is located approximately 38 kilometres north of Adelaide CBD, strategically positioned within the booming northern growth corridor. The City of Playford, with a current population of 100,700, is forecasting 15,500 new homes to accommodate over 30,000 additional residents over the next 15 years^ via a number of major residential estates which are anticipated to deliver over 3,700 homes within 2.5 kilometres of Bunnings Warehouse, Munno Para West.
This exceptional investment offering is being exclusively marketed by Colliers via an Expressions of Interest (EOI) campaign closing 2.00pm (AEST) on Thursday, 12 August 2021.
^forecast.id/playford
The substantial 4.11 hectare land holding is located approximately 38 kilometres north of Adelaide CBD, strategically positioned within the booming northern growth corridor. The City of Playford, with a current population of 100,700, is forecasting 15,500 new homes to accommodate over 30,000 additional residents over the next 15 years^ via a number of major residential estates which are anticipated to deliver over 3,700 homes within 2.5 kilometres of Bunnings Warehouse, Munno Para West.
This exceptional investment offering is being exclusively marketed by Colliers via an Expressions of Interest (EOI) campaign closing 2.00pm (AEST) on Thursday, 12 August 2021.
^forecast.id/playford
Munno Para West, 5115 demographic data
The median household income for Munno Para West is $1,567, 1% higher than Greater Adelaide's household income of $1,548. Munno Para West has a younger age profile compared to the rest of Greater Adelaide (median age 27 vs 39). Property ownership data shows 84% of property owners in Munno Para West have a mortgage.
7,577
Population
$1,567 per week
Median household income
27 years
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Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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