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Coates, 1052 Port Road, ALBERT PARK, SA, 5014

2. Property Highlights

Renewed Triple Net Lease to ASX Listed Tenant
  • Tenant pays 100% of outgoings
  • Stamp Duty free investment
  • 18,488sqm landholding

+ Secure 5+5+5 Year Triple Net Lease to Coates to 2036

+ Irreplaceable 18,488sqm with combined street frontage of over 277 metres

+ Coates: owned by ASX-listed Seven Group Holdings (ASX:SVW) with a market cap of $8.75billion

+ Tenant pays 100% of outgoings including land tax

+ Gross Building Area of 6,718sqm with significant capital upgrade recently undertaken

+ Pandemic proof tenant, identified as essential business.

+ Longstanding tenant in occupation since 1998

+ Albert Park: established suburb midway between Port Adelaide and the Adelaide CBD

+ Net Income: $578,668 pa + GST

For Sale by Investment Portfolio Auction

11am (AEST) Tuesday 28 September 2021

RLA 312687 & RLA 313040

Remember to mention you found this property on CommercialReady.com.au

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3. Property Location

Coates, 1052 Port Road, ALBERT PARK, SA, 5014

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4. Due Diligence

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Coates, 1052 Port Road, ALBERT PARK, SA, 5014 Albert Park
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