SOLD
121 Main South Road, Morphett Vale, SA 5162
High Profile Freehold Investment | Secure Leases to Listed Tenants
+ New 5 year lease to Dulux to December 2025 + options to 2035
+ 5 year lease to Cash Converters to September 2024 plus options to 2029
+ Dulux Group: wholly owned by listed Japanese paint giant Nippon Paint Holdings Co following acquisition in 2019 for $3.8 billion
+ Cash Converters: wholly owned by Cash Converters International Ltd – ASX listed with 700 stores trading across 16 countries worldwide
+ Fixed 3% rent increases ensuring rental growth
+ Tenants pay usual outgoings including management fees
+ Well presented 1,132sqm buildings incorporating two showrooms and a 130sqm of rear storage
+ Large 3,718sqm landholding dual access and 26 car spaces on-title
+ Morphett Vale: South Australia’s largest suburb, 20km south from Adelaide CBD
+ Net Income: $229,335 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
+ 5 year lease to Cash Converters to September 2024 plus options to 2029
+ Dulux Group: wholly owned by listed Japanese paint giant Nippon Paint Holdings Co following acquisition in 2019 for $3.8 billion
+ Cash Converters: wholly owned by Cash Converters International Ltd – ASX listed with 700 stores trading across 16 countries worldwide
+ Fixed 3% rent increases ensuring rental growth
+ Tenants pay usual outgoings including management fees
+ Well presented 1,132sqm buildings incorporating two showrooms and a 130sqm of rear storage
+ Large 3,718sqm landholding dual access and 26 car spaces on-title
+ Morphett Vale: South Australia’s largest suburb, 20km south from Adelaide CBD
+ Net Income: $229,335 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
Property Info
Municipality
Morphett Vale
AUCTION
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Burgess Rawson Melbourne Melbourne
Level 7, 140 Bourke Street
Melbourne, VIC 3000
Tel: 03 9613 0400
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NEARBY PROPERTIES
Adam Thomas
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