17-19 Old Sturt Highway, NURIOOTPA, SA, 5355

Burgess Rawson and Cushman & Wakefield are pleased to offer to the market, 17-19 Sturt Highway, Nuriootpa SA for sale via our Auction Investment Portfolio 156.

The property has the following investment highlights:

+ 10 year head lease to Bridgestone plus options to 2037

+ Strong and certain annual rental increases of 3% fixed

+ Bridgestone: Australia’s largest tyre retailer with 339 stores nationally, market cap of AUD $30 billion & wholly owned subsidiary of Bridgestone Corporation

+ Tenant pays all usual outgoings including land tax

+ Land rich 4,868sqm* highway site with dual street frontage

+ Purpose-built Bridgestone with direct access to OId Sturt Highway, a key national transport route

+ Stamp duty free investment with outstanding depreciation benefits

+ Dual heavy vehicle access points to Old Sturt Highway, featuring a large heavy-duty concrete hardstand with extensive on-site car parking

+ Nuriootpa: the commercial heart of the world-renowned Barossa Valley, Australia’s most famous wine region

+ Net Income: $197,077 pa* + GST

To be sold by Investment Portfolio Auction

10:30am AEDT Wednesday 26 October 2022

Crown Casino, Melbourne

Please contact the exclusively appointed agents for more information.

*approx.

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