Adelaide, 04 November 2014 – The Blakes Crossing home of Delfin Lend Lease and Fasta Pasta has been listed for sale via an Expressions of Interest campaign.
The near new building, at Lot 4008 Main Terrace, is located in the town centre of Lend Lease’s new 1,500-home Blakes Crossing development. Blakes Crossing is located approximately 35kms north of the Adelaide CBD, just off Main North Road and comprises a new Village Centre including a neighbourhood shopping centre plus a variety of retail, medical, commercial and mixed use developments.
CBRE’s Alistair Laycock and Ben Heritage are running the marketing campaign for the property in conjunction with Savills Director Peter Isaksson, on behalf of a private vendor. The property is being offered for sale via an Expressions of Interest campaign, which closes at 4pm on November 20th, 2014.
Mr Heritage said a key attraction for buyers would be the property’s strong tenancy covenants, including the Delfin Lend Lease commitment.
Delfin Lend Lease occupy all of the commercial space ona six year lease with two, two-year options while the Fasta Pasta restaurant occupies the ground floor retail space on a 10-year lease, with a five-year option. In total, the net annual income is $299,313.
“The tenancy profile will be extremely appealing to buyers as will the fact that this is a near new building with a high end internal fitout, offering the potential for substantial tax deprecation benefits,” Mr Heritage said.
The property is ideally positioned on a substantial corner site of 2,256sqm, immediately adjacent the new Woolworths and 15 specialty shops.
“The prominent two storey office retail building is a striking premises which comprises some 900sqm of lettable area, including a 100sqm outdoor dining area and is sure to attract strong interest,” Mr Isaksson said.
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.