 Asset Class: | Industrial |
 Price: | $ 830000 |
 Net Yield: | 6.17 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
This sub-$1M industrial investment presents a rare opportunity to secure a high-yield (6.17% net / 6.47% true net with no stamp duty) warehouse in one of Australia's tightest industrial markets, with Adelaide's vacancy rate at just 1.7%. Exclusively for Rethink clients, a 24-month leaseback has been negotiated—commencing at settlement and giving buyers almost 2.5 years to secure a tenant, fully covered by the vendor and backed by a $20,000 rental bond making this a secure property. The property features a 277sqm brand-new concrete tilt-up warehouse, premium inclusions, container lay-off zones, secure gated access, and completion due within 4–5 months. With over 50% of the project already sold and strong buyer interest from both investors and owner-occupiers, this is a strategic, low-risk acquisition in a fast-moving market.
How old is the asset?
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Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
Elizabeth South is a strategically positioned suburb in Adelaide’s north, approximately 24 kilometres from the CBD, forming part of the City of Playford—one of South Australia's fastest-growing urban regions. Originally developed in the 1950s as part of a master-planned satellite city,<br>the suburb benefits from well-established infrastructure and a mix of residential and industrial land use that continues to support its economic resilience.<br><br>Economically, Elizabeth South sits within one of Adelaide’s key industrial corridors. The area has undergone a substantial transition since the closure of the Holden manufacturing plant in 2017, evolving into a hub for logistics, defence, advanced manufacturing, and warehousing. The nearby Edinburgh Defence Precinct—one of the largest in the country—injects billions into the local economy and supports thousands of jobs, directly benefiting surrounding suburbs like Elizabeth South. Additionally, the Northern Adelaide Plains’ expanding agricultural and food production industries continue to drive demand for industrial property and create local employment opportunities.<br><br>Vacancy rates in the area are among the lowest in the country, sitting at just 1.7%—the second sharpest nationally. This sustained demand and limited supply are driving up commercial and industrial rents and are expected to deliver strong capital growth in the coming years. Investors<br>are capitalising on these conditions, with industrial assets in the north showing excellent rental yield performance and minimal downtime between tenancies.<br><br>South Australia continues to be one of the nation’s most stable and affordable states, offering low entry points for investors, consistent economic performance, and strong population growth driven by interstate migration and defence-led job creation.
Additional Location Information File<span style="color:rgb(51, 51, 51);">Developers details: Bert Farina Constructions</span><br><br><span style="color:rgb(51, 51, 51);">Bert Farina Constructions (BFC) is a South Australian construction company based in Edinburgh, established in 1967. With over five decades of experience, BFC specializes in designing and building warehouses, homes, townhouses, and prefabricated spaces such as bathrooms and kitchens. The company emphasizes innovation and efficiency throughout the entire construction process—from concept and design to project completion.</span><br><br><span style="color:rgb(51, 51, 51);">The company boasts a workforce of approximately 100 employees, an average staff tenure of 12 years, and an estimated project pipeline over $70 million. BFC is actively engaged in various projects, including past, current, and upcoming developments, and offers opportunities for career growth within the organization.</span>
Initial Term:
Security:
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Starting at settlement:<br>24 month leaseback at $185/sqm. All outgoings paid by tenant (including property mgmt) excluding land tax. CPI increases. Vendor finds new, agreeable, tenant at their cost.
Additional Financial Information FileInitial Term:
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Subject Property: 23/4 Trimmer Road Elizabeth South 5112 SA Australia - 277sqm - $185/sqm 45 Playford Crescent Salisbury North - 343sqm - $183/sqm 3/45 Barndioota Rd, Sailsbury Plain - 665sqm - $175/sqm (+ 235sqm yard) 1/45 Barndioota Rd, Sailsbury Plain - 1,232sqm - $170/sqm (+ 500sqm yard) 53-55 Barndioota Road Salisbury Plain - 168sqm - $179/sqm Build/sqm Subject Property: 23/4 Trimmer Road Elizabeth South 5112 SA Australia - 277sqm - $2,996/sqm 4/45 Playford Crescent Salisbury North - 343sqm - $3,034/sqm 3/45 Barndioota Rd, Sailsbury Plain - 665sqm - $3,200/sqm (+ 235sqm yard) 1/45 Barndioota Rd, Sailsbury Plain - 1,232sqm - $3,100/sqm (+ 500sqm yard) 12-14 Pilatus Drive, Direk, SA - 190sqm - $3,200/sqm 4/48-52 Stanbel Road, Salisbury Plain - 206sqm - $3,436/sqm
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<span style="color:rgb(51, 51, 51);">Purchase Price: $830,000</span><br><span style="color:rgb(51, 51, 51);">Net Yield: 6.17%</span><br><span style="color:rgb(51, 51, 51);">True Net Yield: 6.47% (No Stamp Duty)</span><br><span style="color:rgb(51, 51, 51);">Negotiated Leaseback: Long 24 month leaseback only available to Rethink clients</span><br><br><span style="color:rgb(51, 51, 51);">Net Lettable Area: 277sqm</span><br><br>Highly anticipated with already over 50% of this project already sold to a mix of owner occupiers and investors<br><br>No Stamp Duty saving circa $40,000 in purchasing costs<br><br>Foundations and walls are already secured in place with estimated completion with titles in September 2025 (4 - 5 months away)<br><br>Brand new state of the art concrete titled panel warehouses <span style="color:rgb(51, 51, 51);">with structural steel roofs, zincalume roofs, steel garage doors</span><br><br><span style="color:rgb(51, 51, 51);">Amenitites included disabled bathrooms, kitchenette, </span><br><br><span style="color:rgb(51, 51, 51);">Warehouse inclusions are LED high bay lighting, motorised garage doors, awnings out the front, commercial aluminium shop fronts, steel/colorbond PA doors, 150mm thick concrete floors</span><br><br><span style="color:rgb(51, 51, 51);">Across the property: carparking on site, secure front tubular fencing with motorised sliding gate, landscaped gardens, site has fire hydrants for MFS safety</span><br><br><span style="color:rgb(51, 51, 51);">Huge bonus on site is the container lay off areas in the carpark</span><br><br><span style="color:rgb(51, 51, 51);">No mezzanines for greater height space, leaving more options for a wider variety of tenants (although these could be added later STCA by a tenant or landlord).</span><br><br>Adelaide's indutrial market has vacancy rates circa 1.7% (Tighter than NSW - Second tightest in Australia)<br><br>Very rare price point, sub million dollars with a strong net yield above 6%.<br><br><span style="color:rgb(51, 51, 51);">A long secure 24 month leaseback has been negotatiated solely for Rethink clients. </span><br><br><span style="color:rgb(51, 51, 51);">Leaseback starts at settlement and therefore essentially gives almost 2.5 years to find a tenant in one of the tightest industrials markets in Australia. This has been negotiated for the vendor to pay saving thousands to the buyer.</span><br><br><span style="color:rgb(51, 51, 51);">Added security of a $20,000 bond to cover circa 3 months of rent, outgoings and GST</span><br><br><span style="color:rgb(51, 51, 51);">Added security of finalising finance 2 weeks post titles issues, protecting buyer from any short fall in valuations.</span>
