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165 Fourteenth Street
Renmark SA 5341

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2865m2
Land area: 69000m2
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Rare Harvey Norman Investment in SA's Thriving Riverland Region

RWC Adelaide in conjunction with Burgess Rawson, are delighted to bring to market the Harvey Norman located at 165 Fourteenth Street, Renmark SA for sale via Investment Portfolio 169.
The Key Investment Highlights:
+ Long 7 year lease to 2030 plus 6 further 6 year options to 2066.
+ Harvey Norman: Australian retail icon with 270 stores in 8 countries across the globe with a market cap of $5.42bn. (1)
+ Recently refurbished 2,865sqm* building constructed in circa 1990.
+ Includes a 229sqm* secondary tenancy leased to Carpet One, one of the world's largest retail flooring groups, with 1,700 stores worldwide. (3)
+ Landmark 6,867sqm* freehold comprising rare 135sqm* dual-street frontage and generous 146 sealed and lined car spaces on title.
+ Stamp duty free investment and opportunity to buy well below replacement cost.
+ Favourable Suburban Activity Centre Zoning.
+ Annual CPI rent reviews (capped at 2.5%).
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Property Details for 165 Fourteenth St, Renmark

Building Type
Commercial
Floor Size
2865m2
Land Size
69000m2

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About Renmark 5341

The size of Renmark is approximately 14.9 square kilometres. It has 30 parks covering nearly 9.6% of total area. The population of Renmark in 2011 was 4,386 people. By 2016 the population was 4,637 showing a population growth of 5.7% in the area during that time. The predominant age group in Renmark is 60-69 years. Households in Renmark are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Renmark work in a labourer occupation. In 2011, 53.2% of the homes in Renmark were owner-occupied compared with 54.5% in 2016.

Renmark has 2,836 properties.

    There are currently 23 properties listed for sale, and 8 properties listed for rent in Renmark on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in Renmark.

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    Harry Einarson
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    Jack Dyson
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    RWC Adelaide
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