Healthy High Yielding Investment

12 Renmark Avenue, Renmark, South Australia 5341

Retail For Sale

Expressions of Interest. EOI Date 18 Mar 2019
Land Area: 444.00 m2.    Floor Area: 395.00 m2.    

Description

Colliers International are pleased to present the opportunity to purchase 12 Renmark Avenue, Renmark. An exciting opportunity to invest into the Riverland region, with a strong national retail brand, underpinned by the regions thriving viticulture and citrus industry.

Key Investment considerations include:

- Well-located along Renmark’s main high street, situated at the eastern end submersed around local and national retailers.

- Leased to Renmark Pharmacy Pty Ltd trading as Priceline Pharmacy until 31st October 2025 plus options through to 2035.

- Providing a net income of $89,440* per annum with fixed CPI rental reviews annually.

- Dual access via the Fourteenth Street car park.

- Net lettable area of 395sqm* designed to suit pharmaceutical tenant.

- Regular site configuration with an area of 444sqm* and a 9.8m* frontage to Renmark Avenue.

*approx.

Colliers International is exclusively appointed to offer for sale 12 Renmark Avenue, Renmark via Expressions of Interest closing Thursday 18 April 2019 at 4pm (ACST).

An information memorandum is available upon request.

To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents:

Oliver Totani +61 412 808 743
Jack Dyson +61 448 685 593
Tom Isaksson +61 422 154 570

Features

  • National tenant - Priceline Pharmacy
  • Strong income from long standing tenant
  • Leased to Oct 2025 plus options to 2035

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