Freestanding Coles Liquor and AVC Hotel Investment on Thriving Adelaide Corner
Burgess Rawson and Knight Frank Adelaide are pleased to offer to the market, two freestanding Coles Liquor and Australian Venue Co. (AVC) hotel investments in Adelaide SA via Burgess Rawson Investment Portfolio 157.
This particular property has the following investment highlights:
Secure 10 year lease to 2029 plus two further 10 year options to 2049.
Blue chip tenant: a JV between Coles Group and Australian Venue Co (AVC), Australia’s fastest growing hotelier, with combined interest in over 210 hotels and 933 liquor stores.
Uncapped annual CPI reviews (Adelaide CPI is currently 8.4%).
Favourable net lease terms with tenant responsible for Rates, Insurances and Land Tax.
5,250sqm* landholding on home-bound corner of one of Adelaide’s most important intersections, just 3km* from Adelaide CBD.
High profile site with 99,450* vehicles passing daily. (1)
The only First Choice Liquor Market store in the north western suburbs of Adelaide.
Situated in key entertainment precinct, within 750 metres of Adelaide Entertainment Centre and Coopers Stadium.
Adelaide is easily the best performing property market in Australia, house prices up 16.5% in the 12 months to 31 October. (2)
No Stamp Duty payable on commercial property in South Australia.
Hindmarsh: booming inner-city suburb with median house price up 24.2% over past 12 months. (3)
Estimated Net Income: $517,445pa^
The other Coles Liquor/AVC freehold investment also available is the Hampstead Hotel and First Choice Liquor in Collinswood.
*Approx
1 GapMaps
2 CoreLogic
3 Realestate.com
^ Projected April 2023 Passing Net Rent Based on Current Adelaide CPI
Remember to mention you found this property on CommercialReady
