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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
INFORMATION MEMORANDUM 162 Richmond Road,
MARLESTON
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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
INTRODUCTION
LJH Commercial is pleased to present for sale 162 Richmond Rd, Marleston. The building, leased to T.I.M.E Pty ltd, is a stand alone office building on one of Adelaide’s main east west connectors to the City. Its corner position with excellent exposure to this busy road, coupled with the existing lease covenants is indeed an attractive investment irrespective of the market cycle. Adelaide has remained one of Australia’s most stable and buoyant commercial property markets over the period since the collapse of world financial markets and has emerged as a relatively liquid market in which investors and financiers have continued to support. The lack of opportunities however means that when good quality assets like 162 Richmond Road, Marleston come to the market, the astute investor should give it 100% consideration. This has been supported by transactional evidence in all price categories and asset classes with privates and syndicates being the most active buyers. A number of development sites have produced strong sale outcomes with local developers, Asian investors and speculators, driving prices up through competition. The experience and track record of our commercial sales team at LJH Commercial can add significant value to the sale process, and will work closely with you to produce a premium sale result.
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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
PROPERTY BRIEF
162 Richmond Road, RICHMOND
Key Features Main Road Frontage—Corner location Passive investment opportunity Lease covenant to national tenant at Net Rental of $85,170 per annum (+GST) Lease Expiry 2014 with Right of Renewal of 3 years NLA of 350 square metres Site Area of 820 square metres The site has a frontage of to Richmond Road of approximately 21.34 metres A copy of the Lease is appended.
Location On the southern side of Richmond Road some 500 metres west of the intersection of South Road and Richmond Road and approximately 4.4km drive to the Adelaide GPO.
Legal Description The property is contained and described within Certificate of Title, Register Book Volume 5840, Folio 675 and more commonly known as 162 Richmond Road, Marleston.
Zoning 162 Richmond Road, Marleston is located within the Council Area of the City of West Torrens and is zoned Neighbourhood Centre, Policy Area 14. An extract of the zone is appended.
Excluded Chattels A list of excluded fixtures and fittings will be provided prior to the Auction.
Contact Con Kavooris m: 0411 883 338 e: [email protected] Gregor Zorkovic m: 0418 844 049 e: [email protected]
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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
LOCATION
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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015|
LEASE DETAILS
Tenant TRAINING INNOVATION MANAGEMENT & ENTERPRISE PTY LTD
Term Five (5) years
Commencement Date 25 May 2009
Commencing Net Rental $
Current Net Rental $85,170 per annum plus GST
Further terms Three (3) years
Reviews Annual increases annually to 4% with a Market review upon renewal.
Outgoings Lessees responsibility except Land Tax
A copy of the complete Memorandum of Lease is available upon request.
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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
TENANT OVERVIEW
T.I.M.E. is an education and consultancy organisation based in Adelaide and provides a range of products and services to sup-port business and industry specific organisations in their business strategies, planning, productivity and training needs.
T.I.M.E Pty Ltd was established in 2007, bringing together two very successful corporate training and consulting organisa-
tions—Godwin & Associates Pty Ltd (Est. 2000) and Heidt Resource Development (HRD) ( Est. 1998). The bringing together of both organisations provides a one-stop-shop for organisations and individuals seeking the professional services of qualified and experienced training facilitators/assessors and business consulting profiling specialists.
The organisation is managed by Ms Diane Godwin and Mr John Heidt who collectively have five decades of experience in the
provision of business and individual development and have provided these services to a vast range of industry and corporate inclusive of:
Master Builders Association (MBA)
Fielders
Paraquad SA
South Australian Ambulance Service (SAAS)
Adelaide Casino
St John Ambulance
Tomeo & Laslett Pharmacy Group
Calvary Hospital
Trans Adelaide
Regency Medical Centre
SCOSA
BAE Systems Australia
Toyota Gosei (Aust) Pty Ltd
Barkuma
Beverley Industries
Big W
CSX World Terminals
Department of Family & Community Services
Disability Services
Employers Chamber of SA (Business SA)
Scaffidi Pharmacy Group
Seeley International
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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
TITLE
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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
ZONING DETAILS
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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
ZONING DETAILS
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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
FURTHER DETAILS
Gregor Zorkovic
Mario Bonomi Con Kavooris
For Sale by Expressions of Interest
For Further details please contact selling Agents:
Con Kavooris
Sales & Leasing Manager
Phone: 0411 883 338
Gregor Zorkovic
Sales & Leasing Manager
Phone: 0418 844 049
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RECENT SUCCESS
2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
The Commercial Sales and Leasing Team at LJ Hooker Commercial have an extensive list of leasing and sales success and are able to provide commercial property management advice with confidence. We invite you to discuss your property requirement with the team.
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2a Portrush Road, Payneham SA 5070 | PO Box 640, Marden SA 5070 | T: 08 8232 8844 | F: 08 8363 0310 | RLA 231015| [email protected]
DISCLAIMER
This document has been prepared by LJH Commercial solely for the purpose of providing information to potential purchasers. It is provided on a confidential
basis and is not to be distributed or reproduced in whole or in part without prior written consent of LJH Commercial.
This document does not purport to contain all the information that a potential purchaser or any other interested party may require. It does not take into
account the individual circumstances, financial situation, investment objectives or requirements of a potential purchaser or any other person. It is intended to
be used as a guide only and does not constitute advice, including without limitation, investment or any other type of advice. The information contained in this
document does not constitute any offer or contract, including for sale or otherwise.
Any potential purchaser or any other interested party should obtain independent financial, taxation, accounting, legal and other advice to assist them in making
their own decisions and assessment appropriate to their circumstances. LJH Commercial and its clients assume that any person who reads or uses this docu-
ment is capable of evaluating the merits and risks of any investment or other decision with respect to a property transaction, its suitability and its financial, tax-
ation, accounting and legal implications without any reliance on this document.
The document may contain information prepared by third parties. Figures, calculations and other information contained in this document verified by LJH
Commercial. Any projections or analyses represent best estimated only and may be based on assumptions, which, while reasonable, may not be correct. Past
performance of any property described in this document is not a reliable indication of future performance of such property. At all times, LJH Commercial acts as
a provider of real estate services only. Except where otherwise provided, all references to rent, income or price are GST exclusive.
Users should not rely on any information contained in this document as a statement or representation of fact and must make their own enquiries to verify and
satisfy themselves of all aspects of such information, including without limitation, any income, rentals, dimensions, areas, zoning and permits. While the
information in this document has been prepared in good faith and with due care, no representations or warranties are made (express or implied) as to the
accuracy, currency, completeness, suitability or otherwise of such information. LJH Commercial, its clients, officers, employees, subcontractors and agent shall
not be liable (except to the extent that liability under statute or by operation of law cannot be excluded) to any person for any loss, liability, damage or expense
arising directly from or connected in any way with any use or reliance on such information.
