EXCEPTIONAL HIGH PROFILE FULLY LEASED INVESTMENT - LONG TERM 20 YEAR TENANT WITH 6 +3 + 3 YEAR LEASE
Raine & Horne Commercial are pleased to present to the market 169 Main Road, Blackwood for sale by Public Auction 11am, Thursday 22nd February 2024 on site.
Located on a prime corner site of approximately 900 m2 his fully leased asset comprises well established and secure tenant in the premium Adelaide Hills location of Blackwood
The property consists of corner tenancy with great exposure to Main Rd Blackwood of approximately 18900* vehicles daily (DPTI Traffic Volume Data).
Key features include:
• Frontage to Main Road of almost 40 m
• Approx 900 m2 land
• Improvements of approx. 465 m2
• Corner location
• Long established business with quality tenant with strong support from Yokohama Tyres and Tyres and More National Operations
• Good on site parking
• Flexible Zoning
• Lease commenced April 2004
• Current term expires 10th April 2024
• New Term of 6 years from 11th April 2024 to 10th April 2030
• Two further rights of renewal of 3 years each to 2036
• Annual reviews to CPI and market at renewal
• Outgoings (Council Rates, SA water rates, Emergency Services Levy and building Insurance) paid by lessee.
(Rental available on request)
All areas/dimensions approximate
RLA 205498