• Net Income of $145,000
• Brand New 6+5+5 Year Lease
• Rivers Subsidiary of Mosaic Brands

Port Augusta is a coastal city approximately 310km from Adelaide with a population of 13,500 (per 2021 census). Port Augusta is home to significant infrastructure such as Port Augusta Renewable Energy Park, a wind and solar farm with a capex of $500m. Additionally, Port Augusta serves as the entry point and main shopping hub for the popular Flinders Ranges. Leedwell Property are proud to bring to market 68-70 Commercial Road, Port Augusta. The property sits within the main street of Port Augusta directly adjacent Coles and Liquorland and other national retails and major brank branches.

Recently leased to Rivers (subsidiary of Mosaic Brands) the property presents a passive investment well suited to a self-managed super fund investor or private investor looking to capitalise on the attractive rental reviews.

We further highlight for your consideration the below:
- Net income of $145,000pa*
- Tenant pays all outgoings including property management
- Brand new 6+5+5 year lease to Rivers expiring October 2029
- Two certificates of title comprising 969sqm* land area
- 2 level premises totaling 1,169sqm*
- Attractive 4% increase annually and at renewal