Adelaide, 14 July 2014 –A prime retail investment within the Marden Shopping Centre development and only 5.5km from the Adelaide CBD has been listed for sale through CBRE.
The Torrens title property comprises two retail tenancies commonly known as 7-7A, 5-7 Lower Portrush Road Marden. It provides a total lettable area of circa 251sqm.
CBRE’s Ben Heritage and Will Brown will steer the Expressions of Interest campaign, which is expected to generate significant investor interest.
“The property is situated in a prime location and benefits from its main road exposure, ample on-site parking, and its positioning in relation to quality tenants such as National Pharmacies, Dan Murphys and Woolworths,” Mr Heritage said.
The property is fully leased to two separate tenants, delivering an annual net rental of $79,372 plus GST.
The Expressions of Interest campaign closes Thursday 7th August, 2014 at 4pm.
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About CBRE Group, Inc.
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.