EXCEPTIONAL FULLY LEASED INVESTMENT - GREAT EXPOSURE, GREAT LOCATION - QUALITY NATIONAL TENANT - BOB JANE T-MARTS
Raine & Horne Commercial are pleased to present to the market 132 Sherriffs Road, Morphett Vale for sale by Expressions of Interest closing 4.00pm Thursday 29th February 2024
Located on busy Sherriffs Road on a commanding site of approximately 1,490 square metres this prime asset is leased to a well-established and secure national tenant.
With improvements of approximately 361 square metres consisting of a showroom and three fitting bays along with storage facilities. Featuring great exposure to Sherriffs Road Morphett Vale with approximately 19800* vehicles passing daily (DPTI Traffic Volume Data).
Key features include:
• Frontage to Sherriffs Road of almost 20 m
• Approx 1,490 m2 land
• Improvements of approx. 361 m2
• Long established National tenant
• Good on-site parking
• Flexible Zoning
• Lease commenced June 2000
• Current term expires 1st June 2026
• One further right of renewal of 5 years to 2031
• Annual reviews to CPI
• Outgoings (Council Rates, SA water rates, Emergency Services Levy) paid by lessee.
(Rental available on request)
Inspections strictly by appointment with the selling agent
All areas/dimensions approximate
RLA 205498