Newly Refurbished Adelaide Neighbourhood Shopping Centre - For Sale

SOLD

Welland SA 5007

Retail

FOR SALE

8912m2

    • Building Name Welland
Welland Plaza, SA

- Established retail shopping complex, anchored by a strong performing Coles supermarket & Dan Murphy’s liquor store, together with 25 specialty tenancies, 2 kiosks, 4 ATMs, a free standing KFC & parking for 436 cars (approx.), providing a total GLA of 8,912sqm (approx.)

- Convenient fresh food, grocery & service based offer, superbly located on Port Road, one of Adelaide’s major western arterial roads

- Secure long term leases to Coles supermarket (initial expiry 2020) & Dan Murphy’s (initial expiry 2014), with both currently generating turnover rent

- Further opportunities to remix & reposition the Centre to enhance income and customer patronage

- Significant & growing metropolitan location, with an MTA of 48,780 persons (approx.), just 6km (approx.) north west of the Adelaide CBD (Source: Pitney Bowes MapInfo)

- Fully leased net income - $2,086,000 p.a (approx.)

EXPRESSIONS OF INTEREST Closing 12 Noon (AEDST), Thursday, 12 March 2009

For further information please contact:

Simon Rooney
Ph: 02 9220 8497
Mbl: 0418 284 680
Email: simon.rooney@ap.jll.com

Jacob Swan
Ph: 07 3231 1340
Mbl: 0402 704 896
Email: jacob.swan@ap.jll.com