Two investment properties in South Australia's rural Riverland region are on the market.

Peter Isaksson, Steve Bobridge and Andrew Nagy of Savills Australia have been appointed to sell the Renmark properties, both of which are leased to the Better Drinks Company.

The site at 29 Kernich Street offers an office and factory facility comprising 3,474 square metres with a canopy of 630 square metres., totalling 4,104 square metres.

At a glance:

• Peter Isaksson, Steve Bobridge and Andrew Nagy of Savills Australia have been appointed to market two investment properties in South Australia's rural Riverland region.
• The facilities at 29 Kernich Street and 38 Kuhlmann Road are both leased to the Better Drinks Company. 
• Both properties are being offered for sale by Private Treaty combined or separately, with Expressions of Interest closing on Wednesday 7 August 2019 at 4pm.

Concrete and gravel hardstand areas sit on a site area of approximately 40,420 square metres with a street frontage of approximately 258 metres. The guide price is $5.25 million.

The property is zoned Primary Production – Horticulture Policy Area 4, primarily for horticulture, with the establishment of appropriately scaled industries for washing, processing and packaging primary produce and servicing and supplying horticulture. The current annual rental is $468,856 p.a. plus GST plus outgoings.

The other property available at 38 Kuhlmann Road offers an office warehouse of approximately 2,400 square metres on a 5,958 square metre site with a street frontage of approximately 66 metres.

There is also a modern cool storage facility which was constructed in 2002 and was extended in 2011 and 2018. 

The property is zoned Industry- Calperum Policy Area 2, intended to accommodate a wide range of industrial, warehouse, storage and transport uses.

The current annual rental is $238,767 p.a. plus GST plus outgoings. The guide price is $3.25 million.

Savills Australia Director Peter Isaksson said the area was highly regarded with the cultivation of fruit, vegetables, wheat and wool

“Both properties are located some 5kms from the Renmark township, the largest of the Riverland towns and a major SA Regional Centre," he said.

"In addition, tourism is also an important component of the township.”

Mr Isaksson added both properties offered a five-year-plus five year right of renewal to The Better Drinks Co Pty Ltd, with leases expiring in February 2033 and October 2027 for 38 Kuhlmann Road and 29 Kernich Street respectively.

“This supports the long term secure nature of the offerings and there is a likelihood of expanding the Kernich Road site which the 4ha land holding can well accommodate," he said.

Both properties are being offered for sale by Private Treaty combined or separately through Savills Australia, with Expressions of Interest closing on Wednesday 7 August 2019 at 4pm.

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