+Secure 8-year Government lease to 2029 plus option to 2033
+David Spiers MP: Leader of the SA State Liberal Party
+Strong and certain rental growth with annual fixed, compounding 2.75% increases
+Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings except land tax and cleaning
+204sqm* office space newly refurbished to State Government requirements
+Adjacent to Hallett Cove Shopping Centre, a triple supermarket and shopping centre anchored by Woolworths, ALDI, Drakes and BWS – complemented by over 35 specialty stores and 300+ undercover car park spaces
+Located within close proximity to various high-profile national tenants, with McDonald’s, Domino’s, KFC and Hungry Jack’s all within 650 metres
+Surrounded by important social infrastructure including 6 schools within a 2km radius servicing ~3,290 full-time students**
+Easy and quick access to Lonsdale Road, a major South Australian arterial road servicing over 27,000 vehicles per day**
+Hallett Cove: Strategic metro growth suburb, located just 23km* from the Adelaide CBD with a retail expenditure to grow by 67% to $2 billion by 2036***
+City of Marion: The City of Marion boasts an annual economic output of $7 billion, representing more than 23% of Southern Adelaide’s economic output****
+Stamp duty free investment
+Minimum management, essential service investment
+Net Income: $60,444 pa + GST
To be sold by Investment Portfolio Auction:
10:30am AEST Wednesday 3 August 2022
Crown Casino, Melbourne, Victoria
*Approximately
**Gapmaps
***SC News
****Remplan
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