933-945 North East Road,
Modbury, SA 5092
Shops & Retail • Showrooms & Large Format Retail
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Map of 933-945 North East Road
NEW 12 YEAR LEASE
- 100% Leased to Bunnings
- 7,082 sqm approx showroom
- 14km from Adelaide CBD
*****UNDER CONTRACT*****
Strategic location within the established Modbury Regional Centre Precinct which comprises Westfield Tea Tree Plaza, Modbury Triangle Shopping Centre and the Modbury Hospital.
Major retailers within this regional shopping precinct include Myer, Coles, Woolworths, Target, Big W and a proliferation of high profile retail, commercial and bulky good tenants. Other users include fast food operators, cinemas and over 250 specialty shops.
Located approximately 14km northeast of the Adelaide CBD the Modbury Regional Centre is one of only seven recognised regional centres within the Adelaide metropolitan area.
Constructed in 2004 the property comprises a showroom/warehouse of 7,082m2 (approx) together with undercroft
and on grade parking for 290 (approx) vehicles.
14,840m2 (approx) boasting a massive frontage to North East Road of 177m (approx).
The property is 100% leased to Bunnings Group Ltd (bunnings.com.au),
being part of the Wesfarmers Group (wesfarmers.com.au).
Lease term: 12 + 5 + 5 + 5 + 5 years from 1 October 2013
Rent Reviews: 3% pa from 1 October 2016 with market reviews at lease renewal
Outgoings: The lessee is responsible for the payment of building expenses.
Net income of $1.273 million pa (approx)
For Sale by Expressions of Interest closing 4pm (CST), Thursday 12th September 2013 at the offices of Colliers International, Adelaide
Strategic location within the established Modbury Regional Centre Precinct which comprises Westfield Tea Tree Plaza, Modbury Triangle Shopping Centre and the Modbury Hospital.
Major retailers within this regional shopping precinct include Myer, Coles, Woolworths, Target, Big W and a proliferation of high profile retail, commercial and bulky good tenants. Other users include fast food operators, cinemas and over 250 specialty shops.
Located approximately 14km northeast of the Adelaide CBD the Modbury Regional Centre is one of only seven recognised regional centres within the Adelaide metropolitan area.
Constructed in 2004 the property comprises a showroom/warehouse of 7,082m2 (approx) together with undercroft
and on grade parking for 290 (approx) vehicles.
14,840m2 (approx) boasting a massive frontage to North East Road of 177m (approx).
The property is 100% leased to Bunnings Group Ltd (bunnings.com.au),
being part of the Wesfarmers Group (wesfarmers.com.au).
Lease term: 12 + 5 + 5 + 5 + 5 years from 1 October 2013
Rent Reviews: 3% pa from 1 October 2016 with market reviews at lease renewal
Outgoings: The lessee is responsible for the payment of building expenses.
Net income of $1.273 million pa (approx)
For Sale by Expressions of Interest closing 4pm (CST), Thursday 12th September 2013 at the offices of Colliers International, Adelaide
Property ID: 500257945Last Updated: 15 May 2014
933-945 North East Road
Modbury, SA 5092
Colliers - ADELAIDELevel 9, 121 King William Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
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Modbury Triangle Shopping Centre Portfolio 940 North East Road,Modbury, SA 5092 15697 m²Shops & Retail