The Barossa Valley, Australia’s most famous wine region, located approximately 70kms northeast of Adelaide, has long been acknowledged as one of the world’s great wine regions.
The rolling hills, valleys and ridges are home to some of the world’s oldest vines dating back to the 1840’s and known for producing many iconic world-class wines.
Quality commercial investment opportunities are few and far between in this region, as investors reap the benefits of this tightly held, and highly coveted region.
Many investors are in for a treat though as an approximate 4,868 square metres site strategically positioned less than 2kms from the Nuriootpa Township, the major commercial centre within the Barossa Valley is currently on the market.
Located at 17-19 Old Sturt Highway, Nuriootpa, the site enjoys significant exposure and convenient access to Sturt Highway (National Highway A20) a major key transport route connecting New South Wales, Victoria and South Australia.
The purpose-built Truck Service Centre facility constructed in 2017, comprises a well-presented, air-conditioned ground floor office of 99sqm and a truck bay workshop and storage warehouse of 602 square metres with multiple roller door access points.
The site has dual heavy vehicle access points to Old Sturt Highway and features a large concrete hardstand area and extensive on-site car parking.
The property is for sale through Jay Nash and Jed Harley of Cushman & Wakefield who said the site is 100% leased to Bridgestone Australia Ltd, a subsidiary of Bridgestone Corporation, the largest tyre manufacturer in the world.
“The 10 + 5 + 5 year lease commencing 1 October 2017 has options until 2037, fixed 3% annual increases and is structured on a net basis with all property outgoings recoverable including Land Tax (single holding)” said Jay Nash.
“This property will appeal to a range of investors, looking for a safe haven asset with a long-term blue chip tenant. Not to mention there is zero stamp duty in SA for commercial assets, making this an outstanding investment opportunity,” said Jed Harley.
The site boasts a street frontage of 24 metres approx. along Old Sturt Highway and 90.42 metres approx. along Sturt Highway.