+ Salvos: 400+ stores in AUS
+ 7 Year Lease to 2028 + Opts to 2038
+ Tenant Pays All Outgoings Inc Land Tax
Burgess Rawson are pleased to offer to the market the Salvos located at 1/13 Antlia Way, Australind WA for sale via Investment Portfolio Auction 171.
The property has the following investment highlights:
+ Long 7 year lease to the Salvation Army Australia to 2028 plus options to 2038.
+ Salvation Army Australia: 140+ year old 'government funded' retailer with over 400 stores nationally** and an aggressive growth strategy.
+ Recently built 586qm* corner showroom with extensive dual-frontage and important rear loading bay.
+ Situated in the heart of Australind's bustling retail precinct neighbouring Bunnings, Vinnie's and within 200 metres* from the Treendale Shopping Centre (Woolworths + 17 specialty stores), Supercheap Auto, Tyrepower, McDonald's, KFC and more.
+ Landlord favourable net lease terms with tenant paying all outgoings including land tax.
+ Fixed 3.5% annual rent increases, ensuring rental growth.
+ Recent construction providing significant tax depreciation benefits.
+ Australind: south-eastern WA growth corridor location, servicing a trade catchment of 102,332 people***** with average median house prices increasing 20%+ in the past 12 months.***
+ Greater Bunbury: forecast population of 150,000 by 2041 and 'economic hub' of the south-west WA region, Gross Regional Product $11.7 billion and $1.7 billion worth of projects in pipeline. ****
+ Net Income: $146,533 pa* + GST
To be sold via Investment Portfolio 171
10:30am AEST Wednesday 18 September
Crown Casino, River Room, Melbourne
* Approx
** Salvation Army Australia
*** Realestate.com.au
**** Forecast.id
***** Deep End Services
This commercial property at 13A Antlia Way, Australind is listed for sale by Rob Selid at Burgess Rawson.
It has been described by the agent as ‘Modern Salvos Store Neighbouring Bunnings | Booming Western Australian Growth Corridor’.
If you would like to get in touch with Rob Selid regarding 13A Antlia Way, Australind, please call 0412 198 294 or contact the agent via email.