323 North East Road (Corner Muller Road), Hampstead Gardens, SA, 5086

Burgess Rawson in conjunction with Knight Frank are pleased to offer to the market the Mobil X Convenience located in Hampstead Gardens (Adelaide) SA for sale via our Investment Auction Portfolio 162.

The property has the following investment highlights:

+ Fifteen (15) year lease to 2035 plus two (2) further ten (10) year options to 2055.

+ Mobil X Convenience: fast growing independent fuel retailer with over 45 service stations across South Australia and Western Australia.**

+ Strong and certain rental growth with annual, fixed compounding 3% increases.

+ Landlord-favourable lease terms with tenant responsible for all usual outgoings excluding Land Tax.

+ New freestanding convenience retail asset offering significant depreciation benefits.

+ High-profile 1,950sqm* corner site with 127m* dual street frontage and 3 important crossovers.

+ Exposure to Muller & North East Road, two major Adelaide commuter roads servicing a combined 55,000+ vehicles per day.***

+ Located 6km* from Adelaide CBD, opposite Tradelink, Kennards Storage and Greenacres Central, a premier neighbourhood shopping centre anchored by Coles Supermarket and supported by 21 specialty tenants.

+ Bunnings Warehouse, Sydney Tools, Reece Plumbing, Storage King, Bridgestone Select, Goodyear Autocare, Toyota, Mitsubishi, Kia, Suzuki, Isuzu, MG and various fast-food restaurants all within 2km*.

+ Surrounded by important social infrastructure, with 24 schools within 3km* servicing over 15,400 full-time students.***

+ Hampstead Gardens: City fringe metro Adelaide growth suburb : 6km* from Adelaide CBD, with median house prices up 13% (in the past 12 months) to $780,000.****

+ City of Port Adelaide Enfield: South Australia's 3rd largest LGA (current population of 135,844), generating $10.9 billion in Gross Regional Product (GRP) with an estimated 82,487 jobs in the area.*****

+ Stamp duty free investment.

+ Net Income: $303,324 pa* + GST

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 2 August 2023

Melbourne, Crown Casino, River Room

*approx.

** X Convenience

***GapMaps

****Realestate.com.au

*****Economy.id

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