383-387 Payneham Road, Marden
SOLD AT AUCTION
383-387 Payneham Road, Marden
- Price: Contact for price
- Location:MARDEN
- Area:1996 sq metres
SOLD AT AUCTION
. Exceptional high traffic flow location on prominent corner.
. Surrounded by complementary land uses and adjacent to Marden
Shopping Centre.
. First leased to KFC in 2002.
. Improvements on the land constructed by KFC.
. New 10y+10y lease from July 2012.
. Current rental $103,949.28 PA, plus GST.
. Yearly rent reviews to movement in CPI with market rent reviews
applicable at expiration of each 5 years.
. Next CPI review due 01.07.2015.
. Next market rent review due 01.07.2017.
. Realistic rental growth prospects.
. All outgoings payable by KFC (except State Land Tax).
. Total land area, approx 1996 sqm.
. Flexibility of 3 separate Certificates of Title.
. Zoned District Shopping.
. Globally recognised Tenant.
TO BE SOLD BY PUBLIC AUCTION AT MAYFAIR HOTEL (DIAMOND ROOM), CORNER KING WILLIAM + HINDLEY STREETS, ADELAIDE, ON THURSDAY, 25TH JUNE 2015 AT 11:30 AM [ACST].
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