![]() Asset Class: | Industrial |
![]() Price: | $ 1040000 |
![]() Net Yield: | 6.00 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
<span style="color:rgb(51, 51, 51);">This modern warehouse unit offers an outstanding </span><span style="color:rgb(51, 51, 51);font-weight:normal;">6% net yield</span><span style="color:rgb(51, 51, 51);"> with </span><span style="color:rgb(51, 51, 51);font-weight:normal;">zero stamp duty</span><span style="color:rgb(51, 51, 51);"> — translating to a </span><span style="color:rgb(51, 51, 51);font-weight:normal;">true net yield of 6.3%</span><span style="color:rgb(51, 51, 51);">. Spanning </span><span style="color:rgb(51, 51, 51);font-weight:normal;">343sqm</span><span style="color:rgb(51, 51, 51);"> of net lettable area, the property features </span><span style="color:rgb(51, 51, 51);font-weight:normal;">8m internal clearance</span><span style="color:rgb(51, 51, 51);">, </span><span style="color:rgb(51, 51, 51);font-weight:normal;">3-phase power, and high-spec office and kitchen amenities</span><span style="color:rgb(51, 51, 51);">, all within a secure business park with </span><span style="color:rgb(51, 51, 51);font-weight:normal;">onsite car parking</span><span style="color:rgb(51, 51, 51);">. Located in one of </span><span style="color:rgb(51, 51, 51);font-weight:normal;">Australia’s tightest industrial markets</span><span style="color:rgb(51, 51, 51);"> — with a </span><span style="color:rgb(51, 51, 51);font-weight:normal;">1.6% vacancy rate</span><span style="color:rgb(51, 51, 51);"> (CBRE Q4 2024) — this is a rare opportunity to secure exceptional value in a market where </span><span style="color:rgb(51, 51, 51);font-weight:normal;">industrial land prices are rising sharply (31.5% in 2024 - CBRE)</span><span style="color:rgb(51, 51, 51);">. With </span><span style="color:rgb(51, 51, 51);font-weight:normal;">industrial supply 33% below the 10-year average in 2024</span><span style="color:rgb(51, 51, 51);">, tightening stock levels further strengthen future capital growth potential. Developed by </span><span style="color:rgb(51, 51, 51);font-weight:normal;">Thirteen Commercial</span><span style="color:rgb(51, 51, 51);"> — a market-leading developer with over 20 years of experience delivering high-quality industrial, retail, and commercial projects across Adelaide — this property is well-positioned for strong returns. </span><span style="color:rgb(51, 51, 51);font-weight:normal;">Construction is already underway</span><span style="color:rgb(51, 51, 51);"> with completion expected July 2025.</span>
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Is this lease a leaseback arrangement?
<span style="color:rgb(51, 51, 51);">Salisbury North, SA is a well-established suburb located about 25 km north of Adelaide’s CBD. It forms part of the City of Salisbury, a key industrial and commercial hub in South Australia’s northern region.</span><br><br><span style="color:rgb(51, 51, 51);">The area has a strong economic backbone, driven by manufacturing, logistics, and defence industries, thanks to its proximity to key defence precincts like Edinburgh Defence Precinct and RAAF Base Edinburgh. Salisbury North benefits from excellent transport links, including access to Port Wakefield Road and the Northern Expressway, making it attractive to businesses needing efficient logistics and distribution networks.</span><br><br><span style="color:rgb(51, 51, 51);">Commercial properties in Salisbury North experience steady demand, with low vacancy rates reflecting the area's strategic importance for industrial and warehousing operations. The suburb’s population growth, combined with ongoing infrastructure investments, further supports the local economy and business activity.</span><br><br><span style="color:rgb(51, 51, 51);">Positioned within South Australia’s economically strong northern corridor, Salisbury North continues to attract investment, offering a blend of industrial strength and long-term growth potential — making it a compelling location for businesses and investors alike.</span>
Additional Location Information File<span style="color:rgb(51, 51, 51);">Thirteen Commercial, founded by Adelaide entrepreneur Anthony Lenzi, stands as a premier construction and development company in South Australia. With over eighteen years of experience, Lenzi has cultivated a dynamic firm headquartered in Flinders Park, leading numerous high-profile industrial and commercial projects throughout the Adelaide CBD and inner west. The company's commitment to excellence and innovation has solidified its reputation as a superior firm in the construction industry.</span><br><br><span style="color:rgb(51, 51, 51);">A testament to Thirteen Commercial's expertise is the successful completion of the Hendon Shopping Centre in Hendon. This project showcases the company's ability to deliver complex commercial developments that meet the diverse needs of the community. Similarly, the 191A Victoria Square project in Adelaide exemplifies their proficiency in managing urban developments, blending functionality with aesthetic appeal to enhance the city's landscape.</span><br><br><span style="color:rgb(51, 51, 51);">Thirteen Commercial's versatility is further demonstrated through residential projects like the John Street Apartments in Flinders Park. This development reflects the company's dedication to quality craftsmanship and attention to detail, providing comfortable and modern living spaces. By consistently delivering exceptional results across a range of projects, Thirteen Commercial has established itself as a leader in South Australia's construction and development sector.</span>
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<span style="color:rgb(51, 51, 51);">Leaseback: 18 month, initial 12 months of rent and outgoings to be held in trust, these monies will cover rent, outgoings (not Land tax - this should be nil as it doesn't reach the threshold) and GST. </span><br><br><span style="color:rgb(51, 51, 51);">Finance: Purchasers obliged to seek 'conditional approval' within 28 days. Formal Approval to be provided within 2 weeks of formal notice from the vendor to Rethink that properties are in a position to be formally valued.</span><br><br><span style="color:rgb(51, 51, 51);">Fitout & Leasing Fees: Vendor agrees to set aside $20,000 for a fit out allowance and/or leasing fees, this too can be held in trust from settlement. This gives control to the purchaser of who the tenant will be.</span>
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Subject Property: 4/45 Playford Crescent Salisbury North - 343sqm - $180/sqm 3/45 Barndioota Rd, Sailsbury Plain - 665sqm - $175/sqm (+ 235sqm yard) 1/45 Barndioota Rd, Sailsbury Plain - 1,232sqm - $170/sqm (+ 500sqm yard) 4/45-47 Mirage Road Direk - 650sqm - $170/sqm 53-55 Barndioota Road Salisbury Plain - 168sqm - $179/sqm Build/sqm Subject Property: 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);">Negotiated Price: $1,040,000</span><br><span style="color:rgb(51, 51, 51);">Net Yield: 6%</span><br><span style="color:rgb(51, 51, 51);">Zero Stamp Duty Saving: circa $52,000</span><br><span style="color:rgb(51, 51, 51);">True Net Yield factoring no stamps: 6.3% Net</span><br><br><span style="color:rgb(51, 51, 51);">Net Lettable Area: 343sqm (incl circa 50sqm office)</span><br><br><span style="color:rgb(51, 51, 51);">Boutique block of only 9 warehouses</span><br><br><span style="color:rgb(51, 63, 72);">Modern office/warehouse units</span><br><br><span style="color:rgb(51, 63, 72);">8m* internal clearance</span><br><br><span style="color:rgb(51, 63, 72);">3 Phase power</span><br><br><span style="color:rgb(51, 63, 72);">Secure business park with onsite car parking</span><br><br><span style="color:rgb(51, 63, 72);">High-spec office and kitchen amenities</span><br><br><span style="color:rgb(51, 51, 51);">One of Australia's tightest industrial markets at 1.6% vacancy (Industrial - CBRE Q4 2024)</span><br><br><span style="color:rgb(51, 51, 51);">Unbelievable value for money at these prices (prises will be going up)</span><br><br><span style="color:rgb(51, 51, 51);padding-left:0px;margin-inline-start:0px;">Constrained industrial land supply and owner occupier demand in Adelaide’s core industrial precincts has driven land values, with 0.25ha lots increasing by 31.5% y-o-y and 1.6ha lots increasing by 17.6% y-o-y (CBRE)</span><br><br><span style="color:rgb(51, 51, 51);padding-left:0px;margin-inline-start:0px;">In 2024 industrial supply (new properties to market) was below the 10-year average by 33%. </span><span style="color:rgb(51, 51, 51);">Essentially, new industrial space added in 2024 was lower than usual, with the total for the year falling below the long-term average — signaling a tightening supply (which is ideal for investors).</span><br><br><span style="color:rgb(51, 63, 72);">Construction underway (Slabs down 3rd Feb 2025, completion expected July 2025)</span><br><br><span style="color:rgb(51, 51, 51);">Developed by Thirteen Commercial - a market leading industrial/commercial developer with over 20 years of development experience delivering similar industrial, retail and commercial products.</span><br><br><span style="color:rgb(51, 51, 51);">It is worth noting the Developer is currently planning on keeping 2 of the 9 warehouses for themselves, which holds weight to the development</span><br><br><span style="color:rgb(51, 63, 72);">Updated photos and progress pictures will be requested once under contract.</span>