Dulux | Cash Converters, 121 Main South Road,
Morphett Vale, SA 5162
Shops & Retail • Showrooms & Large Format Retail • Other
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Knight Frank - Adelaide (RLA 199257)
Level 29 Westpac House, 91 King William StreetADELAIDE, SA 5000
Dulux | Cash Converters, 121 Main South Road
Morphett Vale, SA 5162
Map of Dulux | Cash Converters, 121 Main South Road
High Profile Freehold Investment | Secure Leases to Listed Tenants
- 5 year net leases + options
- 3% increases / tenants pay outgoings
- Large 3,718 sqm landholding
+ New 5 year lease to Dulux to December 2025 + options to 2035
+ 5 year lease to Cash Converters to September 2024 plus options to 2029
+ Dulux Group: wholly owned by listed Japanese paint giant Nippon Paint Holdings Co following acquisition in 2019 for $3.8 billion
+ Cash Converters: wholly owned by Cash Converters International Ltd – ASX listed with 700 stores trading across 16 countries worldwide
+ Fixed 3% rent increases ensuring rental growth
+ Tenants pay usual outgoings including management fees
+ Well presented 1,132sqm buildings incorporating two showrooms and a 130sqm of rear storage
+ Large 3,718sqm landholding dual access and 26 car spaces on-title
+ Morphett Vale: South Australia’s largest suburb, 20km south from Adelaide CBD
+ Net Income: $229,335 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
+ 5 year lease to Cash Converters to September 2024 plus options to 2029
+ Dulux Group: wholly owned by listed Japanese paint giant Nippon Paint Holdings Co following acquisition in 2019 for $3.8 billion
+ Cash Converters: wholly owned by Cash Converters International Ltd – ASX listed with 700 stores trading across 16 countries worldwide
+ Fixed 3% rent increases ensuring rental growth
+ Tenants pay usual outgoings including management fees
+ Well presented 1,132sqm buildings incorporating two showrooms and a 130sqm of rear storage
+ Large 3,718sqm landholding dual access and 26 car spaces on-title
+ Morphett Vale: South Australia’s largest suburb, 20km south from Adelaide CBD
+ Net Income: $229,335 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
Property ID: 503773506Last Updated: 2 Jun 2021
Knight Frank - Adelaide (RLA 199257)Level 29 Westpac House, 91 King William Street
ADELAIDE, SA 5000
ADELAIDE, SA 5000
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Knight Frank - Adelaide (RLA 199257)
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
191-193 Main South Road & 32-34 Barbara Avenue,Morphett Vale, SA 5162 0.43 ha (1.07 acres)Development Sites & Land • Shops & Retail • Showrooms & Large Format Retail
Contact Agent
19 Lindisfarne Road,Huntfield Heights, SA 5163 500 m²Medical & Consulting • Shops & Retail • Other