Modern Salvos Store Neighbouring Bunnings | Booming Western Australian Growth Corridor

Retail Sold - Australind WA

+ Salvos: 400+ stores in AUS
+ 7 Year Lease to 2028 + Opts to 2038
+ Tenant Pays All Outgoings Inc Land Tax

Burgess Rawson are pleased to offer to the market the Salvos located at 1/13 Antlia Way, Australind WA for sale via Investment Portfolio Auction 171.

The property has the following investment highlights:

+ Long 7 year lease to the Salvation Army Australia to 2028 plus options to 2038.
+ Salvation Army Australia: 140+ year old ‘government funded’ retailer with over 400 stores nationally** and an aggressive growth strategy.
+ Recently built 586qm* corner showroom with extensive dual-frontage and important rear loading bay.
+ Situated in the heart of Australind’s bustling retail precinct neighbouring Bunnings, Vinnie’s and within 200 metres* from the Treendale Shopping Centre (Woolworths + 17 specialty stores), Supercheap Auto, Tyrepower, McDonald’s, KFC and more.
+ Landlord favourable net lease terms with tenant paying all outgoings including land tax.
+ Fixed 3.5% annual rent increases, ensuring rental growth.
+ Recent construction providing significant tax depreciation benefits.
+ Australind: south-eastern WA growth corridor location, servicing a trade catchment of 102,332 people***** with average median house prices increasing 20%+ in the past 12 months.***
+ Greater Bunbury: forecast population of 150,000 by 2041 and ‘economic hub’ of the south-west WA region, Gross Regional Product $11.7 billion and $1.7 billion worth of projects in pipeline. ****
+ Net Income: $146,533 pa* + GST