29 Kernich Street, Renmark West, SA 5341 sold on 03 July 2025 | OnTheHouse
 
SOLD
Sold on 03 Jul 2025 for $9,075,000

29 Kernich Street
Renmark West SA 5341

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 40420m2
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Property Details for 29 Kernich St, Renmark West

Building Type
Commercial
Land Size
40420m2
Local Government
Renmark Paringa
Lot/Plan
A1/D86685

Last Listing description (July 2023)

CBRE is pleased to offer to market both; 29 Kernich Street, Renmark West & 38 Kuhlmann Road, Old Calperum.

The portfolio represents a secure opportunity to acquire two premium assets located in Renmark West & Old Calperum, South Australia's premier citrus region.


Ideally located in the heart of Australia's premium Citrus farming region, allowing The Better Drinks Company to manufacture its bottled range close to the fresh fruit source more cost effectively. The location is critical for The Better Drinks Company's long-term security of fruit supply.

Amongst other attributes, the portfolio comprises the following investment highlights being;

- Securely leased to The Better Drinks Co Pty Ltd (subsidiary of Asahi Beverages).
- Long term leases with expiry dates of October 2027 and August 2032 respectively, with further option periods thereafter.
- Strong blue-chip tenant with attractive net leases.
- 5,956 sqm (approx.) total Gross lettable area.
- 46,378 sqm (approx.) total site area with low site coverage ratio for future expansion.
- Combined rental of $764,364 per annum net (approx.)

The properties locations of;
29 KERNICH STREET, RENMARK WEST
38 KULMANN ROAD, OLD CALPERUM

For Sale by Private Treaty

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Property History for 29 Kernich St, Renmark West, SA 5341

A timeline of how this property has performed in the market
Last Sold
$9,075,000
03 Jul 2025
  • 03 Jul 2025
    Sold for $9,075,000
  • 21 Apr 2022
    Listed for Sale Contact Agent
  • 11 Oct 2019
    Sold for $5,500,000
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About Renmark West 5341

The size of Renmark West is approximately 33.6 square kilometres. It has 4 parks covering nearly 0.1% of total area. The population of Renmark West in 2016 was 1301 people. By 2021 the population was 1358 showing a population growth of 4.4% in the area during that time. The predominant age group in Renmark West is 50-59 years. Households in Renmark West are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Renmark West work in a labourer occupation.In 2021, 85.00% of the homes in Renmark West were owner-occupied compared with 80.10% in 2016.

Renmark West has 723 properties. Over the last 5 years, Houses in Renmark West have seen a 77.68% increase in median value, while Units have seen a 20.16% increase. As at 30 November 2025:

  • The median value for Houses in Renmark West is $475,372 while the median value for Units is $432,610.
There are currently 3 properties listed for sale, and 2 properties listed for rent in Renmark west on OnTheHouse. According to Cotality's data, 21 properties were sold in the past 12 months in Renmark west.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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