Wattyl Paints, 222-226 Commercial Road,
Port Adelaide, SA 5015
Shops & Retail • Showrooms & Large Format Retail • Other
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Knight Frank - Adelaide (RLA 199257)
Level 29, 91 King William StreetADELAIDE, SA 5000
Wattyl Paints, 222-226 Commercial Road
Port Adelaide, SA 5015
Map of Wattyl Paints, 222-226 Commercial Road
Prime Freehold – Leased to Global Giant | New 10 + 5 + 5 Year Net Lease to 2040
- 10 + 5 + 5 year net lease to 2040
- 3.5% pa increases + ratchet provision
- 855 sqm site with triple st frontage
+ Secure 10 year net lease to 2030
+ Two further 5 year options to 2040
+ Wattyl Paints: wholly owned subsidiary of NYSE listed Sherwin Williams Fortune 500 Co with a market cap of USD$17.98 billion
+ Longstanding tenancy with tenant in occupation 20+ years
+ Attractive 3.5% pa rent increases with ratchet provisions at market review ensuring growth
+ Tenant pays all usual outgoings including land tax
+ Strategic 307sqm retail showroom with triple street frontage totalling 85 metres
+ Irreplaceable 855sqm main road site with 14 on-site car spaces
+ Port Adelaide: port side capital growth suburb, undergoing significant transformation and gentrification
+ Net Income: $100,000 pa + GST
For Sale by Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021
+ Two further 5 year options to 2040
+ Wattyl Paints: wholly owned subsidiary of NYSE listed Sherwin Williams Fortune 500 Co with a market cap of USD$17.98 billion
+ Longstanding tenancy with tenant in occupation 20+ years
+ Attractive 3.5% pa rent increases with ratchet provisions at market review ensuring growth
+ Tenant pays all usual outgoings including land tax
+ Strategic 307sqm retail showroom with triple street frontage totalling 85 metres
+ Irreplaceable 855sqm main road site with 14 on-site car spaces
+ Port Adelaide: port side capital growth suburb, undergoing significant transformation and gentrification
+ Net Income: $100,000 pa + GST
For Sale by Investment Portfolio Auction
11AM (AEDT) Wednesday 24 February 2021
Property ID: 503743914Last Updated: 3 May 2021
Knight Frank - Adelaide (RLA 199257)Level 29, 91 King William Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
Contact Agency
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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