Wattyl Paints, 222-226 Commercial Road,
Port Adelaide, SA 5015

Shops & Retail • Showrooms & Large Format Retail • Other

Key property information

Land area

Floor area

Property extent

Tenure type

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Map of Wattyl Paints, 222-226 Commercial Road

Directions

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

Port Adelaide, 5015 demographic data

The median household income for Port Adelaide is $1,230, 21% lower than Greater Adelaide's household income of $1,548. Port Adelaide has an older age profile compared to the rest of Greater Adelaide (median age 45 vs 39). Property ownership data shows 53% of property owners in Port Adelaide have a mortgage.

1,338

Population

$1,230 per week

Median household income

45 years

Median age

Renters

Most residents

Families

Most households

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