10 Gowrie Avenue,
Whyalla, SA 5600
Hotel, Motel & Leisure • Shops & Retail • Development Sites & Land
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Knight Frank - Adelaide (RLA 199257)
Level 29, 91 King William StreetADELAIDE, SA 5000
10 Gowrie Avenue
Whyalla, SA 5600
Map of 10 Gowrie Avenue
7.5% Net Yield Anticipated | Long WALE Gaming and Hospitality Investment
- Experienced long term hotel operator
- 32 on-site licensed gaming machines
- Fixed 3% annual rent increases
+ Brand new 10 year lease to New Whyalla Hotel to 2032 plus options to 2072
+ 32 on-site licensed gaming machines and 14 hotel suites
+ Expansive 4,599sqm* corner site in the heart of Whyalla
+ Net lease - tenant pays all usual outgoings
+ Fixed 3% annual rent increases, ensuring rental growth
+ Experienced operator onsite for over 15 years with multiple hotels throughout Australia
+ Whyalla: South Australia’s fourth most populous city with a population over 21,260*
+ Net Income: $420,000 pa* + GST
For Sale via Expressions of Interest closing EOI Closing Thursday 7 July if not sold prior.
*Approx.
RLA 312687
+ 32 on-site licensed gaming machines and 14 hotel suites
+ Expansive 4,599sqm* corner site in the heart of Whyalla
+ Net lease - tenant pays all usual outgoings
+ Fixed 3% annual rent increases, ensuring rental growth
+ Experienced operator onsite for over 15 years with multiple hotels throughout Australia
+ Whyalla: South Australia’s fourth most populous city with a population over 21,260*
+ Net Income: $420,000 pa* + GST
For Sale via Expressions of Interest closing EOI Closing Thursday 7 July if not sold prior.
*Approx.
RLA 312687
Whyalla, 5600 demographic data
The median household income for Whyalla is $1,658, 39% higher than Regional South Australia's household income of $1,190. Whyalla has a younger age profile compared to the rest of Regional South Australia (median age 46 vs 47). Property ownership data shows 51% of property owners in Whyalla have a mortgage.
3,609
Population
$1,658 per week
Median household income
46 years
Median age
Owners
Most residents
Families
Most households
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