Back to Search Results

Contact Agent

621-623 North East Road, Gilles Plains, SA 5086

Large Format Retail Investment on Major Transport Corridor

621-623 North East Road, Gilles Plains offers a fantastic investment opportunity in the highly desirable large format retail asset class.

An incredible piece of real estate with three street frontages, car parking to the front and ample loading to the rear allowing for efficiencies for customers and tenants alike.

North East Road sees huge traffic numbers as a major transport corridor to and from the Adelaide CBD that sees up to 50,000 vehicle movements per day (Source: location.sa.gov.au)

Some key highlights of the investment are as follows:

Fully leased LFR asset with two tenancies
Total GLA of 1,955sqm inclusive of mezzanine areas
Leased to Autobarn and Cricket For All
Tenants pay all statutory outgoings (excluding Land Tax), building insurance and property management fees
WALE (at February 2025) of 6.84 years
Passing net rental of $419,549pa
Mix of CPI and 3% rent reviews
Huge site area of 3,480sqm with three street frontages
Zoned Employment

For Sale via Expression of Interest (EOI) closing 13th March 2025 @ 4pm.