Modern Salvos Store Neighbouring Bunnings | Booming Western Australian Growth Corridor
+ 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