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Burgess Rawson - Melbourne

Coates, 1052 Port Road Albert Park, SA 5014

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Coates, 1052 Port Road,
Albert Park, SA 5014

Warehouse, Factory & Industrial • Showrooms & Bulky Goods • Development Sites & Land

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Burgess Rawson - Melbourne
Adam Thomas
Shaun Venables

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Coates, 1052 Port Road
Albert Park, SA 5014

Map of Coates, 1052 Port Road

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Renewed Triple Net Lease to ASX Listed Tenant

  • Tenant pays 100% of outgoings
  • Stamp Duty free investment
  • 18,488sqm landholding
+ Secure 5+5+5 Year Triple Net Lease to Coates to 2036
+ Irreplaceable 18,488sqm with combined street frontage of over 277 metres
+ Coates: owned by ASX-listed Seven Group Holdings (ASX:SVW) with a market cap of $8.75billion
+ Tenant pays 100% of outgoings including land tax
+ Gross Building Area of 6,718sqm with significant capital upgrade recently undertaken
+ Pandemic proof tenant, identified as essential business.
+ Longstanding tenant in occupation since 1998
+ Albert Park: established suburb midway between Port Adelaide and the Adelaide CBD
+ Net Income: $578,668 pa + GST

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

RLA 312687 & RLA 313040

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Property ID: 503898758Last Updated: 22 Oct 2021

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Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Knight Frank - Adelaide (RLA 199257)
Level 29 Westpac House, 91 King William Street
ADELAIDE, SA 5000
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