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Knight Frank - Adelaide (RLA 199257)

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

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

Shop & Retail • Showrooms & Large Format Retail • Other

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Knight Frank - Adelaide (RLA 199257)
Jack Dyson
Oliver Totani

Knight Frank - Adelaide (RLA 199257)

Level 29 Westpac House, 91 King William Street
ADELAIDE, SA 5000
Knight Frank - Adelaide (RLA 199257)
Wattyl Paints, 222-226 Commercial Road
Port Adelaide, SA 5015

Map of Wattyl Paints, 222-226 Commercial Road

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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

Property ID: 503743914Last Updated: 3 May 2021

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