A fully leased industrial property Wingfield for sale in a popular industrial precinct. 54 Francis Road Wingfield for sale by Colliers’ Associate Director Tom Barrett and Executive Chris Clemente.
A fully leased industrial property in the heart of Wingfield offers investors a secure tenant in a popular industrial precinct.
Colliers’ Associate Director Tom Barrett and Executive Chris Clemente have been appointed to sell 54 Francis Road, Wingfield by Expression of Interest closing Wednesday 31 August 2022 at 3pm (ACST) on behalf of the vendor.
“54 Francis Road, Wingfield offers a regular shaped allotment of 4,027sqm (approx.), which accommodates a 2,393sqm (approx.) office warehouse,” said Mr Barrett. “Protective coating business Defence Coating Systems are a long time occupier and pay an annual rent of $163,100 (approx.) per annum on a five year lease commencing 1 November 2021.”
Agents expect the property to attract some strong interest from local and interstate investors, particularly with the tenants long term links to the Defence industry. Defence Coating Systems are a well-established South Australian business specialising in providing protective coating solutions for their clients.
“This is an outstanding property which offers a high-calibre, longstanding tenant in Defence Coating Systems, quality improvements, secure financial income and sought-after proximity to major northern arterial routes,” Mr Barrett said. “The Adelaide industrial property market is considered as the most highly sought-after asset class, with very limited investment opportunities, we expect significant interest in this asset.
To request a copy of the Information Memorandum please contact one of the marketing agents Colliers’ Associate Director Tom Barrett and Executive Chris Clemente via the contact details below.