Brand New 7 Year Net Leases | Bunnings Lease Covenants (Wesfarmers Limited ASX Top 20)
Burgess Rawson in conjunction with CBRE Adelaide are delighted to present the brand new Beaumont Tiles and Tool Kit Depot at 11-15 Seaford Road, Seaford Meadows SA to the market for sale by Private Treaty.
This investment has the following highlights:
+ Brand new 7 year leases to 2030 plus options to 2055.
+ Beaumont Tiles: Established over 60+ years with 110 locations Australia wide, acquired by Bunnings in 2021.
+ Tool Kit Depot: Prominent trade retailer, Acquired by Bunnings in 2019 with 75 stores planned for Australasia over the next 3 years.
+ Landmark 10,914sqm* freehold site with a significant 76 metre* frontage, directly opposite Bunnings.
+ Prime 3,578sqm* building with the latest corporate tenant fit-outs and 123 car spaces on title.
+ New buildings (completed 2023) offering substantial depreciation benefits.
+ Important site adjacent to upcoming LFR development and established Auto One, Derrimut Gym, Highgrove Bathrooms, Repco, United, Knauf and more.
+ Landlord preferred net lease terms, tenants pay all usual outgoings including land tax.
+ Certain rental growth with annual, fixed compounding 2.25% increases.
+ Direct access to Main South Road via Seaford Road, a major north–south link connecting Adelaide and the Fleurieu Peninsula with 98,100 vehicles passing daily.**
+ Zero stamp duty investment.
+ City of Onkaparinga: SA’s most populated metro LGA, home to more than 178,000 residents between McLaren Vale & Adelaide.***
+ Net Income: $739,460 pa* + GST.
*Approx
**GapMaps
***Forecast.id
For Sale by Private Treaty
Burgess Rawson Agents
Shaun Venables (RLA 313040)
0411 860 865
Beau Coulter (RLA 315777)
0413 839 898
Matthew Wright (AMR)
0458 290 588
Romanor Falconer (AMR)
0413 830 808
Remember to mention you found this property on CommercialReady
