Dernancourt Village Shopping Centre is an extensively refurbished neighbourhood shopping centre anchored by a Coles supermarket with fifteen specialty stores and an ATM. Adjoining the Centre is a recently refurbished showroom which is now utilised as a Goodlife Health Club with three specialty shops to the west.

The property is strategically positioned along a major thoroughfare, Lower North East Road, approximately 10 kilometres* north east of the Adelaide CBD. Dernancourt is accessed from the city via Payneham Road and Lower North East Road.

We strongly endorse this retail opportunity and highlight the following key investment characteristics for your consideration:

• 15 year lease to Coles expiring 2024
• 15 year lease to Goodlife Health Club expiring 2027
• Fully leased net income of $2,101,000* per annum
• WALE of 8.4 years
• Significant frontage to Lower North East Road in excess of 287 metres*
with dual access
• Substantial land holding of 22,205sqm*
• Refurbished modern centre of 8,416sqm*
• Balanced ‘convenience’ tenancy mix including take away foods, liquor
shop, chemist, hair salon
• Taxation benefits on offer through substantial building allowances and
depreciation benefits

*Approx

JLL is exclusively appointed to offer Dernancourt Village Shopping Centre for sale by Expressions of Interest closing 5pm Tuesday 15 April 2014

RLA1842