Brand New 10 Year Lease to Pets Domain in Major Large Format Retail Precinct

Description

Burgess Rawson from CBRE and CBRE SA are delighted to offer to market Pets Domain, Lot 3 Corner National Highway 1 & Power Station Road, Port Augusta SA for sale via Investment Portfolio Auction 180.

The property has the following key investment highlights:

+ Brand new 10 year lease to 2035 plus options to 2045.
+ Pets Domain: a wholly owned subsidiary of Pet Solutions International with product lines including Natures Best, 79 plus stores across Australia. (1)
+ Investor preferred net lease terms, tenant pays all usual outgoings including land tax.
+ Annual CPI rent reviews.
+ 616sqm* building with brand new Pets Domain fit-out to latest corporate standard.
+ Irreplaceable National Highway 1 (Princes Highway) position.
+ Strategic position within major large format retail precinct amongst Bridgestone, Stratco and Mitsubishi.
+ No stamp duty payable.
+ Port Augusta: key regional hub with $1.8 Billion economic output. (2)
+ Net Income: $101,640 pa* + GST

To be sold via Investment Portfolio Auction 180
10:30am AEDT Wednesday 22 October
Crown Casino, Melbourne

Burgess Rawson & Associates Victoria Pty Ltd | RLA 327401

*Approx
1. Pets Domain
2. Remplan

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Contact agents
Shaun Venables Partner
0411 860 865
Beau Coulter Partner
0413 839 898
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Port Augusta, SA

Lot 3 Corner National Highway 1 & Power Station Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 180

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