346-354 Tapleys Hill RoadSeaton SA 5023
Property Details for 346-354 Tapleys Hill Rd, Seaton
Last Listing description (July 2023)
JLL is thrilled to exclusively present for sale the freehold interest in an exceptional hospitality & retail asset, the Links Hotel, located in the metropolitan suburb of Seaton, less than 10kms from Adelaide's CBD.
The asset is underpinned by a triple net lease with CPI-linked reviews and circa 13.5 years wale,
Key investment highlights include:
* Securely leased to ASX-listed Endeavour Group (formerly ALH Group) who operate over 350 licensed venues across the country under the ALH Hotels brand
* Valuable triple net lease with Tenant paying all outgoings, including land tax, and is responsible for all maintenance, repairs and CAPEX, ensuring no unforeseen loss of income
* Guaranteed income security via a long term, triple net lease with further terms of 1 x 15-year and 4 x 10-year options to 2091 plus attractive annual CPI increases with ratchet clause
* The asset includes Australia's nationally recognised BWS retail outlet on title
* Superior landbank opportunity with an expansive 13,780sqm* Site with flexible 'Suburban Business' zoning
* High profile location within 10kms from Adelaide's CBD and benefits from an extensive 150 metre* main road frontage
* Coveted gaming venue with 40 modern gaming machines on site, providing intrinsic value for the Landlord at expiry
* Huge stamp duty savings with zero payable on commercial properties in SA
This is an outstanding investment opportunity which offers secure annuity income via a long-term lease to high profile hospitality operators and bankable growth via attractive CPI increases with a ratchet clause.
For sale via Expressions of Interest closing Wednesday 14 June 2023 at 5:00pm AEST.
For further information on this opportunity, please contact the exclusive selling agents.
Property History for 346-354 Tapleys Hill Rd, Seaton, SA 5023
- 30 Aug 2023Sold for $12,500,000
- 16 May 2023Listed for Sale Contact Agent
- 06 Dec 2021Sold for $12,850,000
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About Seaton 5023
The size of Seaton is approximately 4.6 square kilometres. It has 8 parks covering nearly 17.1% of total area. The population of Seaton in 2011 was 9,845 people. By 2016 the population was 10,358 showing a population growth of 5.2% in the area during that time. The predominant age group in Seaton is 20-29 years. Households in Seaton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Seaton work in a professional occupation. In 2011, 59.6% of the homes in Seaton were owner-occupied compared with 59.4% in 2016.
Seaton has 5,733 properties. Over the last 5 years, Houses in Seaton have seen a 74.82% increase in median value, while Units have seen a 76.65% increase. As at 31 July 2024:
- The median value for Houses in Seaton is $901,314 while the median value for Units is $552,535.
- Houses have a median rent of $605 while Units have a median rent of $445.
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