OFF MARKET

29 Kernich Street
Renmark West SA 5341

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 40420m2
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Property Details for 29 Kernich St, Renmark West

Building Type
Commercial
Land Size
40420m2
Local Government
Renmark Paringa
Lot/Plan
A1/D86685

Last Listing description (July 2023)

CBRE is pleased to offer to market both; 29 Kernich Street, Renmark West & 38 Kuhlmann Road, Old Calperum.

The portfolio represents a secure opportunity to acquire two premium assets located in Renmark West & Old Calperum, South Australia's premier citrus region.


Ideally located in the heart of Australia's premium Citrus farming region, allowing The Better Drinks Company to manufacture its bottled range close to the fresh fruit source more cost effectively. The location is critical for The Better Drinks Company's long-term security of fruit supply.

Amongst other attributes, the portfolio comprises the following investment highlights being;

- Securely leased to The Better Drinks Co Pty Ltd (subsidiary of Asahi Beverages).
- Long term leases with expiry dates of October 2027 and August 2032 respectively, with further option periods thereafter.
- Strong blue-chip tenant with attractive net leases.
- 5,956 sqm (approx.) total Gross lettable area.
- 46,378 sqm (approx.) total site area with low site coverage ratio for future expansion.
- Combined rental of $764,364 per annum net (approx.)

The properties locations of;
29 KERNICH STREET, RENMARK WEST
38 KULMANN ROAD, OLD CALPERUM

For Sale by Private Treaty

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Property History for 29 Kernich St, Renmark West, SA 5341

A timeline of how this property has performed in the market
Last Sold
$5,500,000
11 Oct 2019
  • 21 Apr 2022
    Listed for Sale Contact Agent
  • 11 Oct 2019
    Sold for $5,500,000
  • 09 Jul 2019
    Listed for Sale PRICE GUIDE OF $5,250,000
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