• Long Term Leases Up To 10 years
• Brand New Improvements With Depreciation
• Net Annual Rent $174,199 & $177,077+ GST

The Ocea development is located within the award-winning WEST development in West Lakes, approximately 12 kilometres north-west of Adelaide’s CBD strategically positioned between the city and the sea. The Ocea retail investment offerings are located in the heart of WEST's new high street precinct and social hub - Charles Street The property is located adjacent to Westfield West Lakes, and the West Lakes Interchange. The Ocea Investment properties comprise four separately titled, retail/commercial premises at the ground floor level of Ocea, a recently completed award-winning mixed-use, four-level building at WEST. The ground floor tenancies include restaurants, services, and offices.

Construction of the building was completed in early 2022, with new fit-out to the respective tenancies. The two quality properties on offer are occupied by Zayt & Zaatar and Lombra.

Some of the key features of the investments are as follows:

• Desirable western coastal location
• Vibrant high street and social hub precinct
• Secure lease terms of 10 years initial term plus further rights of renewal
• Leased to established operators
• Low maintenance quality new improvements
• Depreciation benefits
• No stamp duty payable
• No GST payable (going concern rule to apply)

Please contact us if you would like to inspect or to discuss further.