Adelaide home of the Better Drinks Co. up for sale

23 July 2019

Two investment properties, located in the heart of the Riverland in Renmark South Australia, have hit the market and are available for sale either together or individually.

Located at 29 Kernich Street, Renmark West and 38 Kuhlmann Road, Old Calperum, the two sites are leased long term to Better Drinks Co Pty Ltd, a subsidiary of Asahi Beverages.

For sale through Peter Isaksson, Steve Bobridge and Andrew Nagy of Savills Australia, each property is integral to the operations of Better Drinks and Asahi in Renmark.

29 Kernich Street offers an office and factory facility comprising 3,474sq m with a canopy of 630sq m, totalling 4,104sq m, together with concrete and gravel hardstand areas and sits on a site area of approximately 40,420sq m with a street frontage of approximately 258 metres. The guide price is $6.25 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 pa plus GST plus outgoings.

38 Kuhlmann Road offers an office warehouse of approximately 2,400sq m 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 $238,767pa plus GST plus outgoings. The guide price is $3.25 million.

According to Peter Isaksson, Director at Savills Australia, “Both properties are located some 5km from the Renmark township, the largest of the Riverland towns and a major SA Regional Centre.

“The area is highly regarded with the cultivation of fruit, vegetables, wheat and wool. In addition, tourism is also an important component of the township.”

Mr Isaksson went on to say both properties offer 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.”

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

Learn more about Savills Industrial services.

 
 

Key Contacts

Steve Bobridge

Steve Bobridge

Director
Agency

Adelaide

+61 (0) 8 8237 5015