SOLD
Sold on 07 Nov 2023 for $8,600,000

25-33 Main North Road
Willaston SA 5118

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4689m2
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Property Details for 25-33 Main North Rd, Willaston

Building Type
Commercial
Land Size
4689m2
Local Government
Gawler
Lot/Plan
A100/D43062

Last Listing description (October 2023)

JLL is thrilled to exclusively present for sale the freehold interest in the Williston Hotel, located within the historic Gawler LGA, the gateway to Barossa Valley's world-famous wine region.

The asset is underpinned by a valuable triple net lease with cpi-linked reviews and options to 2091, with a blue chip covenant to ASX-listed Endeavour Group, the nation's largest retail drinks and hospitality operator.


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 with further terms of 1 x 15-year and 4 x 10-year options to 2091
Attractive annual CPI increases with ratchet clause upcoming increase in December 2023
The asset includes Australia's nationally recognised BWS retail outlet on title
Exceptional landbank opportunity with an expansive 4,689sqm* corner site with flexible 'Township Main Street' zoning
The property benefits from triple frontage of 287m* with high exposure to a major arterial
Future proof operations with landlord's first right to purchase the 35 gaming entitlements Huge stamp duty savings with zero payable on commercial properties in SA

*Approximately

This is your opportunity to acquire an exceptional hospitality & retail investment, underpinned by its covenant to the nation's largest hospitality operators, offering a significant holding income and bankable growth via attractive CPI increases

For sale via Expressions of Interest closing Thursday 10 August at 5:00pm AEST.

For further information on this opportunity, please contact the exclusive selling agents.

Property History for 25-33 Main North Rd, Willaston, SA 5118

A timeline of how this property has performed in the market
Last Sold
$8,600,000
07 Nov 2023
    No history found for this property.

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About Willaston 5118

The size of Willaston is approximately 3 square kilometres. It has 13 parks covering nearly 17.6% of total area. The population of Willaston in 2011 was 3,294 people. By 2016 the population was 3,378 showing a population growth of 2.6% in the area during that time. The predominant age group in Willaston is 50-59 years. Households in Willaston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Willaston work in a trades occupation. In 2011, 71.9% of the homes in Willaston were owner-occupied compared with 71.6% in 2016.

Willaston has 1,862 properties. Over the last 5 years, Houses in Willaston have seen a 96.80% increase in median value, while Units have seen a 105.16% increase. As at 31 August 2024:

  • The median value for Houses in Willaston is $599,944 while the median value for Units is $428,620.
  • Houses have a median rent of $480 while Units have a median rent of $255.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Willaston on OnTheHouse. According to CoreLogic's data, 93 properties were sold in the past 12 months in Willaston.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.