This substantial Commercial Property is well situated on a prime corner allotment with easy access and visibility from the main Adelaide – Melbourne (Dukes Highway).

Currently utilized as a major transport depot with a long term corporate Tenant in place.

Address: Lot 50 Ramsay Terrace, corner Weir Drive Bordertown SA 5268

Legal Description: Allotment 50, Filed Plan 19882 in the Hundred of Tatiara being the whole of the land comprised in Certificate of Title Register book Volume 5087 Folio 915.

Area: Approximately 8550m2 on a corner rectangular allotment measuring 64.78m x 132.09m with a corner cut off.

Lease Details: Leased to QUBE Logistics since 6th July 2011.
Term 10 years + 10 years + 10 years (seven years on the first term still remaining).

Rent: Commenced at $42,000.00 plus GST per annum. Current Rent is $43,392.00 plus GST per annum.

Rent reviews: 6 July 2016, 2021 and if Lease renewed and further renewed 2026, 2031 and 2036. CPI reviews apply.

Note: The existing Tenant has both first and last right of refusal under the terms of the Memorandum of Lease Agreement. The Tenant has rejected their first right of refusal but have the last right of refusal option (of 5 business days) upon the Vendor receiving an acceptable offer.

Maintenance: The Landlord also has a separate garden maintenance agreement with the Tenant of $715.00 per month.

Improvements: A substantial steel frame Commercial Shed Complex measuring 19.7m x 40.4m (approx. 795sqm) with an adjoining brick office complex with amenities in excellent condition. All weather ground surfacing throughout the property allowing vehicle access year round.

Rates & Zoning: The current Local Government Rates for 2013/2014 year are $3,400.40 and the property is zoned Commercial.

A great property with an excellent lease agreement with a Corporate Tenant ready to add to your portfolio.